Krishanveer Forge Adjusts Valuation Amidst Fluctuating Financial Metrics and Market Position

Krishanveer Forge, operating in the Castings & Forgings industry, has recently undergone an evaluation adjustment that reflects changes in its financial metrics and market position. The stock's score has been revised, indicating a shift in its valuation grade from attractive to fair. This adjustment is attributed to various factors, including the company's current price of 105.60, which has seen fluctuations with a 52-week high of 164.10 and a low of 64.30.
In terms of key financial metrics, the company reports a PE ratio of 20.48 and a Price to Book Value of 2.72. The EV to EBITDA stands at 11.81, while the EV to Sales is noted at 1.23. Additionally, the company has demonstrated a return on capital employed (ROCE) of 24.12% and a return on equity (ROE) of 13.30%.

Despite a flat financial performance in the recent quarter, Krishanveer Forge has shown consistent returns over the past three years, outperforming the BSE 500 index in each of the last three annual periods. The stock has generated a return of 12.92% over the past year, alongside a notable increase in profits.

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