The stock’s recent performance reflects a continuation of a downward trend, with the price now trading below all key moving averages including the 5-day, 20-day, 50-day, 100-day, and 200-day averages. This technical positioning indicates sustained pressure on the stock over multiple time frames. Notably, the stock has gained marginally today, outperforming its sector by 0.44%, and reversing a five-day consecutive decline.
In contrast, the broader market environment shows strength. The Sensex opened at 85,470.92 points, registering a gain of 284.45 points or 0.33%, and is currently trading at 85,405.06 points, a 0.26% increase. The Sensex’s 50-day moving average remains above its 200-day moving average, signalling a bullish trend. Additionally, the BSE Small Cap index is leading gains with a 0.27% rise, highlighting selective strength in smaller companies.
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Over the past year, M K Exim (India) has recorded a return of -38.67%, a stark contrast to the Sensex’s 10.11% gain over the same period. The stock’s 52-week high was Rs.94.98, underscoring the extent of the decline. This underperformance extends beyond the last year, with the stock also lagging behind the BSE500 index over the last three years and the past three months.
Quarterly financial data reveals further insights into the company’s recent performance. Profit Before Tax (PBT) for the latest quarter stood at Rs.2.73 crore, reflecting a 59.0% reduction compared to the previous four-quarter average. Similarly, Profit After Tax (PAT) was Rs.2.38 crore, down by 55.0% relative to the same benchmark. Net sales for the quarter were recorded at Rs.17.99 crore, marking the lowest level in recent quarters.
Despite these figures, certain financial metrics indicate areas of relative strength. The company’s Return on Equity (ROE) remains high at 21.98%, signalling efficient utilisation of shareholder funds. Additionally, the average Debt to Equity ratio is effectively zero, suggesting a conservative capital structure with minimal reliance on debt financing.
Long-term growth trends show that operating profit has expanded at an annual rate of 45.21%, which points to a capacity for growth over extended periods. The company’s Price to Book Value ratio stands at 2.1, which is considered fair when compared to historical valuations of its peers. Furthermore, profits have risen by 11.4% over the past year, despite the stock’s negative return, resulting in a PEG ratio of 1.1.
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The shareholder structure of M K Exim (India) is dominated by non-institutional investors, which may influence trading patterns and liquidity. The retailing sector, in which the company operates, continues to face competitive pressures and evolving consumer behaviour, factors that may be reflected in the company’s recent financial results and stock price movements.
In summary, M K Exim (India) has reached a significant technical milestone by touching its 52-week low of Rs.54.11. This occurs amid a broader market rally and positive sector movements. The company’s recent quarterly results show contraction in profits and sales, while longer-term metrics highlight operational efficiency and growth potential. The stock’s valuation remains in line with historical peer comparisons, though its price performance has lagged the broader market indices over multiple time frames.
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