Goyal Aluminiums Receives 'Hold' Rating from MarketsMOJO Based on Low Debt and Positive Sales Growth

Goyal Aluminiums, a microcap trading company, has recently received a 'Hold' rating from MarketsMOJO on October 30, 2024. This upgrade is based on the company's low Debt to Equity ratio, which is currently at 0 times.
In addition, Goyal Aluminiums has shown positive results in the first half of 2024, with a significant growth of 71.98% in net sales. The stock is also in a mildly bullish range and the technical trend has improved from sideways to bullish since October 30, 2024. A key technical factor, the KST, has also been bullish since the same date.

However, the company's management efficiency is poor with a low Return on Equity (ROE) of 7.84%. This indicates low profitability per unit of shareholders' funds. Moreover, the company has shown poor long-term growth with an annual growth rate of only 4.40% in net sales over the last 5 years.

Goyal Aluminiums also has a very expensive valuation with a Price to Book Value of 6.9 and an ROE of 11.7. In the past year, while the stock has generated a return of 10.29%, its profits have only risen by 8%, resulting in a high PEG ratio of 7.4.

In comparison to the market (BSE 500), Goyal Aluminiums has underperformed in the last year with a return of only 10.29%, while the market has generated a return of 34.53%. These factors contribute to the 'Hold' rating given by MarketsMOJO for Goyal Aluminiums.