Hisar Metal Industries Receives Quality Grade Change Amid Strong Performance Metrics

Hisar Metal Industries has recently undergone an evaluation revision, reflecting its performance metrics within the iron and steel products sector. The company has demonstrated a sales growth rate of 11.22% over the past five years, alongside an EBIT growth of 8.36%. These figures indicate a solid operational foundation, particularly in a competitive market.
Financial ratios reveal that Hisar Metal Industries maintains an EBIT to interest ratio of 2.77, suggesting a reasonable capacity to cover interest expenses. The debt to EBITDA ratio stands at 3.99, while the net debt to equity ratio is recorded at 1.33, indicating a moderate leverage position. The company's sales to capital employed ratio is 1.98, which reflects efficient utilization of capital.

In terms of profitability, the return on capital employed (ROCE) is at 14.17%, and the return on equity (ROE) is 16.05%, showcasing effective management of shareholder equity. The tax ratio is noted at 25.54%, with a dividend payout ratio of 8.35%.

When compared to its peers, Hisar Metal Industries holds a competitive position, with several companies in the sector also showing average performance metrics. This context highlights the company's relative standing in a challenging industry landscape.