K P R Mill Maintains Strong Financial Foundation Amid Flat Q2 FY24 Performance
K P R Mill Ltd, a key player in the textile sector, has recently had its evaluation adjusted. The company showcases strong fundamentals with a 21.33% average Return on Equity and a low Debt to Equity ratio of 0.05. It reported flat sales of Rs 6,027.71 crore in Q2 FY24.
K P R Mill Ltd, a prominent player in the textile industry, has recently undergone an evaluation adjustment reflecting its current market standing. The company, recognized for its strong long-term fundamental strength, maintains an average Return on Equity (ROE) of 21.33% and exhibits a low Debt to Equity ratio of 0.05 times. These metrics highlight K P R Mill's solid financial foundation.In the latest quarter, Q2 FY24, the company reported flat financial performance, with annual sales amounting to Rs 6,027.71 crore, representing 3.77% of the industry. Despite this, K P R Mill holds a significant market cap of Rs 32,917 crore, making it the largest entity in its sector and accounting for 12.61% of the entire industry.
The stock is currently positioned within a mildly bullish range, supported by positive technical indicators such as MACD and DOW factors. Additionally, the company benefits from high institutional holdings at 22.85%, reflecting confidence from investors with substantial analytical resources.
For those interested in tracking the evolving landscape of K P R Mill, further insights can be found here: Discover the Latest Mojo Score and Financial Trend Performance - SignUp in less than 2 Minutes and get FREE Premium Access.
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