Mangalore Chemicals & Fertilizers Approaches All-Time High Amid Strong Performance Metrics

Mangalore Chemicals & Fertilizers has captured attention today as it approaches its 52-week high, currently just 1.44% away from the Rs 201 mark. The stock has shown resilience, gaining 1.75% over the past two days, despite a slight underperformance against its sector by 0.73%. Notably, Mangalore Chemicals has exhibited high volatility today, with an intraday fluctuation of 92.7%.
In terms of performance metrics, Mangalore Chemicals & Fertilizers has outperformed the Sensex across various time frames. Over the past month, the stock has surged by 34.33%, while its year-to-date performance stands at an impressive 30.18%. The company recently reported positive results after three consecutive quarters of decline, achieving a record net sales figure of Rs 967.66 crore.

Technically, the stock is trading above its moving averages, indicating a bullish trend. With a return on capital employed (ROCE) of 15.7 and an enterprise value to capital employed ratio of 1.9, the stock presents an attractive valuation compared to its peers. However, investors should be mindful of the company's high debt-to-EBITDA ratio of 2.90 times and the significant percentage of pledged promoter shares, which could pose risks in volatile market conditions.