Singer India Experiences Quality Grade Change Amidst Mixed Financial Performance Metrics

Singer India, a microcap player in the Electronics & Appliances sector, has recently undergone an evaluation revision, reflecting its current market standing. The company has reported a five-year sales growth of -0.88% and a significant decline in EBIT growth of -21.34%. However, it maintains a solid EBIT to interest ratio of 4.44, indicating a reasonable ability to cover interest expenses.
Financial metrics reveal a debt to EBITDA ratio of 0.64 and a net debt to equity ratio of 0.00, suggesting a strong balance sheet with no reliance on debt. The sales to capital employed ratio stands at 4.98, while the tax ratio is at 25.99%. Institutional holding is relatively low at 0.78%, and the company has a return on capital employed (ROCE) of 13.46% and a return on equity (ROE) of 8.26%.

When compared to its peers, Singer India shows a competitive position, with several competitors, such as Butterfly Gan Ap and DHP India, also rated similarly. However, others like Sonam and Macobs Technologies are positioned lower, indicating a varied landscape within the industry. This context highlights the importance of ongoing performance assessments in the electronics and appliances market.