Integra Engineering India Receives 'Hold' Rating from MarketsMOJO: What Investors Need to Know

Integra Engineering India, a microcap company in the textile machinery industry, has recently received a 'Hold' rating from MarketsMOJO on May 21, 2024. This upgrade is based on several factors that indicate a positive outlook for the company.
One of the main reasons for the 'Hold' rating is the company's strong ability to service its debt. With a low Debt to EBITDA ratio of 1.25 times, Integra Engineering India is in a good position to manage its debt and maintain financial stability.

In addition, the stock is currently in a Mildly Bullish range, with technical trends showing improvement since May 18, 2024. This has resulted in a return of -3.9% since then. The MACD and KST technical factors also indicate a Bullish trend for the stock.

Moreover, Integra Engineering India has consistently generated strong returns over the last 3 years, outperforming the BSE 500 index. In the last 1 year alone, the stock has generated a return of 69.20%.

However, the company's results for December 2023 were flat, with a PAT (HY) of Rs 7.65 crore, showing a decline of -35.88%. This may be a cause for concern for investors.

Furthermore, with a ROCE of 28.6, the stock is currently trading at a Very Expensive valuation with an Enterprise value to Capital Employed ratio of 11.9. However, it is still trading at a discount compared to its average historical valuations.

It is also worth noting that despite its size, domestic mutual funds hold only 0.53% of the company. This could indicate that they are either not comfortable with the current price or have not conducted in-depth research on the company.

Overall, while Integra Engineering India shows potential for growth and has received a 'Hold' rating, investors should carefully consider all factors before making any investment decisions.