Radix Industries Shows Resilience with Strong Sales Growth Amid Mixed Technical Signals

Radix Industries (India), a microcap player in the FMCG sector, has recently undergone an adjustment in its evaluation score. This revision reflects a shift in technical trends, moving from a sideways pattern to a mildly bullish outlook. The stock's technical indicators present a mixed picture; while the Bollinger Bands indicate bullish tendencies on a weekly basis, the MACD and KST suggest a mildly bearish stance over longer periods.
In terms of performance, Radix Industries has demonstrated notable resilience, particularly in the last year, where it achieved a return of 22.55%, significantly outpacing the BSE500 index. The company's net sales for the first nine months of FY24-25 reached Rs 41.27 crore, marking a substantial growth of 59.34%. This positive financial performance is complemented by a return on capital employed (ROCE) of 13.4, although the valuation appears expensive with an enterprise value to capital employed ratio of 11.3.

Despite the mixed technical signals, Radix Industries has consistently delivered returns over the past three years, reinforcing its position in the market.

Discover the Latest Mojo Score and Financial Trend Performance - SignUp in less than 2 Minutes and get FREE Premium Access.