Mayur Uniquoters Receives 'Hold' Rating from MarketsMOJO, Strong Financials and Positive Performance Cited

Mayur Uniquoters, a smallcap company in the footwear industry, has recently received a 'Hold' rating from MarketsMOJO on November 18, 2024. This upgrade is based on several factors, including the company's low Debt to Equity ratio, positive results in September 2024, and a technically bullish trend.
One of the key reasons for the 'Hold' rating is the company's low Debt to Equity ratio, which is currently at 0 times. This indicates that the company has a strong financial position and is not heavily reliant on debt to finance its operations.

In terms of financial performance, Mayur Uniquoters has shown positive results in the quarter ending September 2024. The company's Return on Capital Employed (ROCE) was at its highest at 20.17%, while its Profit After Tax (PAT) and Earnings Per Share (EPS) were also at their highest at Rs 39.84 crore and Rs 9.17, respectively.

From a technical standpoint, the stock is currently in a mildly bullish range and has shown improvement from a sideways trend on November 13, 2024. The key technical indicator, MACD, has also been bullish since November 13, 2024.

However, the company's long-term growth has been poor, with a low annual growth rate of 8.39% for Net Sales and 1.13% for Operating Profit over the last 5 years. Additionally, with a Return on Equity (ROE) of 15.5, the stock is currently trading at an expensive valuation with a Price to Book Value of 3.

On a positive note, the stock is currently trading at a discount compared to its average historical valuations. In the past year, the stock has generated a return of 13.92%, while its profits have risen by 21.1%. This gives the company a PEG ratio of 0.9, indicating that it may be undervalued.

It is also worth noting that institutional investors have decreased their stake in Mayur Uniquoters by -0.89% over the previous quarter. However, they still hold 6.36% of the company, indicating their confidence in its fundamentals.

Overall, while Mayur Uniquoters may not have strong long-term growth potential, it currently has a strong financial position and positive short-term performance. Investors may want to hold onto their stocks for now and keep an eye on any future developments.