MarketsMOJO Downgrades Mishtann Foods to 'Sell' Amidst Negative Outlook and High Debt Ratio
Mishtann Foods, a smallcap FMCG company, has recently been downgraded to a 'Sell' by MarketsMOJO on November 12, 2024. This decision was based on several factors that indicate a negative outlook for the company.One of the main reasons for the downgrade is the company's high Debt to EBITDA ratio of 3.88 times, which indicates a low ability to service its debt. This can be a cause for concern for investors as it may affect the company's financial stability and growth potential.
In addition, the stock is currently in a Bearish range, with technical indicators such as Bollinger Band and KST also showing a negative trend. This has resulted in a -2.4% return since the downgrade on November 12, 2024.
Moreover, there has been a decrease in promoter confidence as they have reduced their stake in the company by -3.39% over the previous quarter. This could be a sign of reduced confidence in the future prospects of the business.
Furthermore, Mishtann Foods has underperformed the market in the last 1 year, with a return of only 6.30% compared to the market's (BSE 500) return of 27.99%. This further supports the 'Sell' rating given by MarketsMOJO.
However, there are some positive factors to consider. The company has shown healthy long-term growth with an annual rate of 48.34% in operating profit. In addition, the company's results in September 2024 were positive, with a growth of 35.95% in net sales and the highest PBDIT and operating profit to net sales in the quarter.
Moreover, with a ROE of 43.5 and a price to book value of 1.9, the stock is currently trading at a discount compared to its historical valuations. This could make it an attractive option for value investors.
Overall, while Mishtann Foods has shown some positive results, the recent downgrade by MarketsMOJO and the various negative factors suggest a cautious approach for investors. It is important to carefully consider all aspects before making any investment decisions.
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