Deepak Builders & Engineers Adjusts Evaluation Score Amid Declining Profit Performance

Deepak Builders & Engineers India, a microcap player in the construction industry, has recently undergone an adjustment in its evaluation score. This revision reflects a shift in technical trends, moving from a mildly bullish stance to a more neutral position.
The company's current stock price stands at 141.00, slightly above the previous close of 138.65. Over the past year, the stock has experienced a return of 0.00%, while the broader market, represented by the Sensex, has shown a modest gain of 2.36%. Notably, the stock's 52-week high was recorded at 213.60, with a low of 128.45, indicating a significant range of price movement.

In terms of financial performance, the latest quarter has shown a decline, with a reported profit after tax of Rs 11.20 crore, reflecting a decrease of 43.6% compared to the previous four-quarter average. Additionally, the operating profit to net sales ratio has reached its lowest point at 10.11%.

Despite these challenges, Deepak Builders maintains a strong capacity to service its debt, evidenced by a low Debt to EBITDA ratio of 1.26 times. The company has also demonstrated healthy long-term growth, with an annual operating profit growth rate of 51.41%.

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