Bhagwati Autocast Faces Evaluation Adjustment Amid Mixed Financial Performance Indicators

Bhagwati Autocast has recently undergone an evaluation adjustment, reflecting a revision in its score. This adjustment is primarily attributed to a change in the company's quality grade, which has shifted from average to below average.
In terms of financial metrics, Bhagwati Autocast has demonstrated a sales growth of 10.24% over the past five years, alongside a notable EBIT growth of 39.04%. The company's EBIT to interest ratio stands at 7.13, indicating its ability to cover interest expenses. However, the debt to EBITDA ratio is at 2.13, suggesting a relatively high level of debt compared to earnings before interest, taxes, depreciation, and amortization.

The net debt to equity ratio is reported at 0.28, and the sales to capital employed ratio is 2.99. The tax ratio is 35.64%, while the dividend payout ratio is 11.69%. Additionally, the company has no pledged shares or institutional holdings. The return on capital employed (ROCE) averages 15.05%, and the return on equity (ROE) averages 11.74%.

Overall, the recent evaluation adjustment reflects the company's current standing in the auto components and equipment industry, highlighting both strengths and areas of concern.

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