JTL Industries Downgraded to 'Sell' by MarketsMOJO on August 19, 2024

JTL Industries, a smallcap company in the iron and steel industry, has recently been downgraded to a 'Sell' by MarketsMOJO on August 19, 2024. This downgrade is based on several factors, including flat results in June 2024 and a low return on capital employed (ROCE) of 19.54%. Additionally, the stock is currently in a mildly bearish range and the MACD has been bearish since August 7, 2024.
In the past year, JTL Industries has underperformed the market, with a return of only 11.13% compared to the BSE 500's return of 37.46%. However, the company does have some positive factors, such as a high management efficiency with a ROE of 21.19% and a strong ability to service debt with a low debt to EBITDA ratio of 0.53 times.

Furthermore, JTL Industries has shown healthy long-term growth, with net sales growing at an annual rate of 26.58% and operating profit at 38.05%. The company also has a fair valuation with a price to book value of 5.1 and is currently trading at a discount compared to its historical valuations.

Despite these positive aspects, the stock's profits have only risen by 14.3% in the past year, resulting in a high PEG ratio of 9.1. This, along with the recent downgrade by MarketsMOJO, suggests that investors may want to consider selling their shares in JTL Industries. As always, it is important for investors to carefully consider all available information before making any investment decisions.