Indo Borax & Chemicals Receives 'Sell' Rating from MarketsMOJO, Profits Decrease by 25.9% in September 2023.

Indo Borax & Chemicals, a microcap company in the chemicals industry, has recently received a 'Sell' rating from MarketsMOJO on February 8th, 2024. This downgrade is based on the company's negative results in September 2023, with a decrease of 25.9% in its PAT(Q) at Rs 8.93 crore. Additionally, the company's ROCE(HY) has hit a low of 23.21% and its DPR(Y) is at its lowest at 0.63%.
Despite being a microcap company, Indo Borax & Chemicals has not gained much interest from domestic mutual funds, with only 0% of the company's shares being held by them. This could indicate that either the mutual funds are not comfortable with the company's current price or its business.

However, there are some positive factors to consider. The company has a low Debt to Equity ratio (avg) of 0 times and has shown healthy long-term growth with an annual rate of 34.10% in its operating profit. The stock is also technically in a Mildly Bullish range, with multiple factors such as MACD, KST, DOW, and OBV being bullish.

With a ROE of 16.8, the company has a fair valuation and a price to book value of 2.3. However, the stock is currently trading at a premium compared to its average historical valuations. In the past year, the stock has generated a return of 53.97%, but its profits have only increased by 8.8%. The PEG ratio of the company is 1.6.

In the long term, Indo Borax & Chemicals has shown market-beating performance, outperforming BSE 500 in the last 3 years, 1 year, and 3 months. While the stock has generated impressive returns, its profits have not seen a significant increase, which could be a cause for concern. Investors should carefully consider these factors before making any investment decisions regarding Indo Borax & Chemicals.