Sugal & Damani Reports Strong Sales Growth Amid Mixed Long-Term Fundamentals

Mar 10 2025 08:01 AM IST
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Sugal & Damani Share Brokers has recently adjusted its evaluation based on performance metrics. The company's third-quarter FY24-25 results show significant growth in net sales and profit after tax, marking three consecutive quarters of positive outcomes. Despite this, long-term fundamental strength remains weak.
Sugal & Damani Share Brokers has recently undergone an evaluation adjustment, reflecting the company's performance metrics and market position. The financial results for the third quarter of FY24-25 indicate a notable increase in net sales, reported at Rs 11.55 crore, alongside a profit after tax of Rs 3.12 crore for the nine-month period. This marks the third consecutive quarter of positive results for the company.

The stock's technical indicators suggest a mildly bullish trend, with MACD and KST factors also showing bullish characteristics. The company's return on equity stands at 15.1, which, combined with a price-to-book value of 1.3, suggests an attractive valuation relative to its peers. Over the past year, Sugal & Damani has outperformed the broader market, achieving a return of 76.42%, while profits have increased by 90.6%.

However, it is important to note that the company exhibits weak long-term fundamental strength, with an average return on equity of 8.02% and an operating profit growth rate of 9.56% annually.

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