Progrex Ventures

When is the next results date for Progrex Ventures?

No Upcoming Board Meetings

Is Progrex Ventures overvalued or undervalued?

As of November 12, 2024, Progrex Ventures is rated as "risky" and overvalued with a negative PE ratio of -8.19 and a ROCE of -1.62%, indicating significant financial distress compared to stronger peers like Manorama Industries and CIAN Agro, despite a historical stock return of 227.38% over five years.

As of 12 November 2024, Progrex Ventures has moved from a grade of "does not qualify" to "risky." The company is currently assessed as overvalued, given its negative PE ratio of -8.19 and EV to EBIT of -8.12, indicating significant financial distress. Additionally, the return on capital employed (ROCE) stands at -1.62%, further highlighting the company's challenges in generating returns.<BR><BR>In comparison to its peers, Progrex Ventures' valuation metrics are starkly unfavorable. For instance, Manorama Industries Ltd. has a PE ratio of 73.92, while CIAN Agro Industries & Infrastructure Ltd. boasts a PE of 31.9, both indicating much stronger market positions. With a current price of 22.72, Progrex Ventures has not shown significant stock performance relative to the Sensex, particularly over the last five years, where it has returned 227.38% compared to the Sensex's 143.01%. This suggests that despite some historical gains, the current valuation does not justify the risks associated with the company's financial health.

What is the technical trend for Progrex Ventures?

As of May 27, 2025, Progrex Ventures shows a mildly bullish trend, supported by bullish MACD and KST indicators, while the bearish RSI indicates potential momentum weakness.

As of 27 May 2025, the technical trend for Progrex Ventures has changed from bullish to mildly bullish. The weekly MACD and KST indicators remain bullish, supporting a positive outlook in the short term. However, the weekly RSI is bearish, indicating potential weakness in momentum. The daily moving averages are bullish, suggesting short-term strength. Dow Theory also reflects a mildly bullish stance on both weekly and monthly time frames. Overall, the indicators present a mixed picture, with bullish signals tempered by bearish momentum on the RSI, leading to a mildly bullish stance overall.

How has been the historical performance of Progrex Ventures?

Progrex Ventures has shown stable share capital but declining total reserves and shareholder's funds from March 2020 to March 2025, with no profit before tax and stagnant operational performance. Total assets and liabilities have also decreased, and the book value per share fell from Rs 21.77 to Rs 20.35 during this period.

Answer:<BR>The historical performance of Progrex Ventures shows a consistent trend with no significant changes in key financial metrics over the years.<BR><BR>Breakdown:<BR>Progrex Ventures has maintained a stable share capital of Rs 3.60 crore from March 2020 to March 2025. However, total reserves have gradually decreased from Rs 4.24 crore in March 2020 to Rs 3.73 crore in March 2025. Shareholder's funds also declined from Rs 7.85 crore in March 2020 to Rs 7.34 crore in March 2025. The company has not taken on any long-term or short-term borrowings during this period, with total liabilities decreasing from Rs 9.05 crore in March 2020 to Rs 8.49 crore in March 2025. Total assets have similarly decreased from Rs 9.05 crore to Rs 8.49 crore over the same timeframe. Notably, the book value per share has seen a decline from Rs 21.77 in March 2020 to Rs 20.35 in March 2025. Throughout these years, the company has reported no profit before tax, and cash flow metrics indicate no inflows or outflows, reflecting a stagnant operational performance.

Why is Progrex Ventures Ltd falling/rising?

As of 12-Feb, Progrex Ventures Ltd's stock price is stable at Rs. 26.84, but it has shown a 4.97% increase over the past week and reached a new 52-week high, indicating strong market interest and positive momentum. The stock is also trading above key moving averages, reflecting bullish signals and increased investor participation.

As of 12-Feb, Progrex Ventures Ltd's stock price is currently stable at Rs. 26.84, showing no change (0.00%). However, the stock has demonstrated a notable upward trend recently, with a 4.97% increase over the past week, which is significantly higher than the Sensex's gain of only 0.43% during the same period. This positive performance is further reflected in the stock's year-to-date increase of 4.97%, while the Sensex has declined by 1.81%.<BR><BR>Today, the stock reached a new 52-week high of Rs. 26.84, indicating strong market interest. It opened with a gain of 4.97% and has maintained this price throughout the trading session, suggesting consistent demand. Additionally, Progrex Ventures has outperformed its sector by 3.53% today, reinforcing its positive momentum.<BR><BR>The stock's trading activity has also shown signs of increased investor participation, with a significant rise in delivery volume by 2511.25% compared to the 5-day average. This indicates a growing interest among investors, which can contribute to upward price pressure. Furthermore, Progrex Ventures is trading above its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, which is typically a bullish signal.<BR><BR>Overall, while the current price remains unchanged, the recent performance and trading indicators suggest that Progrex Ventures Ltd is experiencing a rising trend in its stock price.

Which are the latest news on Progrex Ventures?