Competent Automobiles Achieves Quality Grade Change Amid Strong Financial Performance

Competent Automobiles Company has recently undergone an evaluation revision, reflecting its performance metrics and market position within the automobile industry. The company has demonstrated notable sales growth over the past five years, achieving a rate of 15.47%. Additionally, its EBIT growth during the same period stands at 19.31%, indicating a solid operational performance.
Financial stability is underscored by an EBIT to interest ratio of 2.59, suggesting that the company is managing its debt obligations effectively. The debt to EBITDA ratio is recorded at 4.79, while the net debt to equity ratio is relatively low at 0.45, highlighting a conservative approach to leverage. Furthermore, the sales to capital employed ratio is 2.81, which reflects efficient use of capital.

Competent Automobiles also maintains a tax ratio of 28.17% and a modest dividend payout ratio of 2.28%. The company has no pledged shares, and institutional holding stands at 2.92%. Return on capital employed (ROCE) and return on equity (ROE) average at 7.65% and 7.06%, respectively.

In comparison to its peers, Competent Automobiles holds an average quality score, while competitors like Zuari Industries are positioned below average. This context emphasizes the company's relative stability and performance within a competitive landscape.