PTC India Upgraded to 'Hold' Rating by MarketsMOJO, Positive Results in June 2024

PTC India, a midcap trading company, has recently been upgraded to a 'Hold' rating by MarketsMOJO. This decision is based on the company's positive results in June 2024, with its ROCE (HY) reaching a high of 12.64% and its debt-equity ratio (HY) at a low of 0.84 times. Additionally, the company's operating profit to interest (Q) is at its highest at 2.97 times.
With a ROCE of 15.9, PTC India has a very attractive valuation with an enterprise value to capital employed of 1. 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 25.53%, while its profits have risen by 14.7%. The PEG ratio of the company is 0.7, indicating a good value for investors. Moreover, the company offers a high dividend yield of 4.4% at its current price.

It is worth noting that PTC India has a high institutional holding of 42.43%, indicating that these investors have better capabilities and resources to analyze the company's fundamentals compared to retail investors.

However, the company does have some concerns, such as a high debt to EBITDA ratio of 4.95 times, which may affect its ability to service debt. Additionally, PTC India has a low return on equity (avg) of 9.89%, indicating low profitability per unit of shareholders' funds. Furthermore, the company has shown poor long-term growth, with its operating profit growing at an annual rate of -9.25% over the last 5 years.

From a technical standpoint, the stock is currently in a mildly bearish range, with both its MACD and KST technical factors also being bearish. Overall, while PTC India has some positive aspects, it is important for investors to consider the company's debt and profitability concerns before making any investment decisions.