National Fittings Receives 'Buy' Rating from MarketsMOJO, Shows Strong Financial Performance and Attractive Valuation

National Fittings, a microcap company in the castings/forgings industry, has recently received a 'Buy' rating from MarketsMOJO. This upgrade comes as a result of the company's strong ability to service debt, with a low Debt to EBITDA ratio of 1.34 times.
In addition, National Fittings has shown impressive financial performance, with its net sales reaching a high of Rs 21.64 crore, PAT at Rs 1.92 crore, and EPS at Rs 2.11. The stock is also currently in a bullish range, with technical indicators such as MACD, Bollinger Band, and KST all pointing towards a positive trend.

Attractive valuation is another factor contributing to the 'Buy' rating, with a price to book value of 2.1 and the stock trading at a discount compared to its historical valuations. In the past year, National Fittings has generated a return of 50.78%, while its profits have increased by 33.3%. This is reflected in the company's low PEG ratio of 0.6.

Majority shareholders of National Fittings are non-institutional investors, indicating a strong belief in the company's potential. The stock has also outperformed the BSE 500 index in the last 3 years, 1 year, and 3 months, showcasing its market-beating performance in both the long and near term.

However, there are some risks to consider when investing in National Fittings. The company has shown poor long-term growth, with net sales and operating profit growing at an annual rate of 5.66% and 2.21%, respectively, over the last 5 years.

Overall, with its strong financial performance, attractive valuation, and market-beating performance, National Fittings is a promising investment opportunity for those looking to invest in the castings/forgings industry.