Shri Dinesh Mills Receives 'Hold' Rating from MarketsMOJO, Technical Factors Show Mildly Bullish Trend

Shri Dinesh Mills, a microcap textile company, has recently received a 'Hold' rating from MarketsMOJO on September 2, 2024. The company's low Debt to Equity ratio of 0 times and technical trend in the Mildly Bullish range are the main reasons for this upgrade.
The stock's MACD and KST technical factors have also shown a Mildly Bullish trend, indicating a positive outlook for the company. With a ROE of 6.2, Shri Dinesh Mills is fairly valued with a Price to Book Value of 1.4. Additionally, the stock is currently trading at a discount compared to its historical valuations.

Despite a negative return of -2.52% in the past year, the company's profits have increased by 89%, resulting in a low PEG ratio of 0.2. Moreover, Shri Dinesh Mills offers a high dividend yield of 6.1 at its current price.

The majority shareholders of the company are Non-Institutional investors. However, the company's performance in the long term as well as the near term has been below par. In the last 3 years, 1 year, and 3 months, the stock has underperformed the BSE 500 index.

In the latest quarter, the company's operating cash flow was at its lowest at Rs -3.73 Cr, and the ROCE (HY) was also at its lowest at 6.43%. Additionally, the non-operating income for the quarter was 102.47% of the Profit Before Tax (PBT).

Overall, while Shri Dinesh Mills has shown some positive technical indicators, its performance in the long term and near term has been below average. Investors may want to hold onto their positions for now and monitor the company's future performance closely.