Marico
Date 12.09.2024
Marico
Timeframe : Day Chart
Remark :
Formed rising wedge & tested the zone of 686-692 for about 4 times in recent times, short interval. How long can stay invested after breakout, if any lets understand based on few key points from companies performance & balance sheet.
1 PE ratio of 79.20 which is high and comparatively - Very Overvalued
2 ROA of 21.75 % which is a good sign for future performance (higher is better)
3 Marico has a ROE of 30.10 % (higher is better)
4 Debt/Equity ratio is 0.03 which means that company has low proportion of debt to its capital
5 Marico has reported revenue growth of -6.37 % which is poor
6 Operating margin of Marico for the current financial year is 19.88 % - Fair/Good
7 Marico has a ROE of 30.10 % - Fair/Good
8 FII holding 24% & DII holding 11% - Fairly decent
Conclusion : Company has to do stable business, in recent past it was quite a bumpy ride in terms of sales growth & profit growth yet PE is rising. Therefore, keep booking profits in rise or if any breakout.
Regards,
Ankur
Marico
Timeframe : Day Chart
Remark :
Formed rising wedge & tested the zone of 686-692 for about 4 times in recent times, short interval. How long can stay invested after breakout, if any lets understand based on few key points from companies performance & balance sheet.
1 PE ratio of 79.20 which is high and comparatively - Very Overvalued
2 ROA of 21.75 % which is a good sign for future performance (higher is better)
3 Marico has a ROE of 30.10 % (higher is better)
4 Debt/Equity ratio is 0.03 which means that company has low proportion of debt to its capital
5 Marico has reported revenue growth of -6.37 % which is poor
6 Operating margin of Marico for the current financial year is 19.88 % - Fair/Good
7 Marico has a ROE of 30.10 % - Fair/Good
8 FII holding 24% & DII holding 11% - Fairly decent
Conclusion : Company has to do stable business, in recent past it was quite a bumpy ride in terms of sales growth & profit growth yet PE is rising. Therefore, keep booking profits in rise or if any breakout.
Regards,
Ankur
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