Anjani Foods Shows Positive Results, Attractive Valuation

Anjani Foods, a microcap FMCG company, has recently caught the attention of investors with its upgraded stock call to 'Hold' by MarketsMOJO on December 20, 2023. The company has shown positive results in September 2023, with its highest operating cash flow of Rs 2.56 crore and net sales of Rs 13.78 crore. Its PBDIT also reached a high of Rs 1.23 crore.
Technically, the stock is in a mildly bullish range and its MACD and KST technical factors are also bullish. With a ROCE of 9.8, the company has an attractive valuation and a low enterprise value to capital employed ratio of 5.1. Additionally, the stock is currently trading at a discount compared to its average historical valuations. In the past year, the stock has generated a return of 14.26%, while its profits have increased by 98%. The PEG ratio of the company is also at a low of 0.3.

The majority shareholders of Anjani Foods are its promoters, indicating their confidence in the company's future growth. However, the company does have weak long-term fundamental strength with an average ROCE of 4.70%. It also has a high debt to EBITDA ratio of 3.36 times, which may affect its ability to service debt.

Overall, Anjani Foods has shown promising results and has the potential for future growth. However, investors should carefully consider the company's financials before making any investment decisions.