Keltech Energies Receives 'Hold' Rating from MarketsMOJO, Shows Strong Debt Servicing Ability

Keltech Energies, a microcap company in the chemicals industry, has recently received a 'Hold' rating from MarketsMOJO. This upgrade is based on the company's strong ability to service its debt, with a low Debt to EBITDA ratio of 0.73 times.
The stock is currently in a Mildly Bullish range, with a technical trend that has improved from Sideways on 25-Nov-24 and has generated 1.74% returns since then. One key technical factor, the MACD, has been Bullish since 25 Nov 2024.

At a Fair valuation with a 3.2 Price to Book Value and trading at a discount compared to its average historical valuations, Keltech Energies has shown market-beating performance with a return of 41.24% in the last year, compared to the market (BSE 500) returns of 27.33%.

However, the company's long-term growth has been poor, with an annual growth rate of only 6.80% in operating profit over the last 5 years. In addition, the company's results for Sep 24 were flat, with a DPR(Y) of 0.77%, PBDIT(Q) of Rs 7.37 cr., and OPERATING PROFIT TO NET SALES (Q) of 7.19%.

Despite these challenges, Keltech Energies remains a strong player in the chemicals industry, with majority shareholders being the promoters. With a 'Hold' rating from MarketsMOJO, investors may want to keep an eye on the company's performance in the coming months.