Carraro India downgraded to hold amid valuation concerns
after close1 source ↓written by the desknot a recommendation
- 20.72%
- 17.09%
- stands
- 0.79
- ₹317.0 cr
- increase
- 41.7%
Carraro India Ltd has been downgraded to Hold due to valuation concerns, despite showcasing strong financials. The company reported a Return on Capital Employed (ROCE) of 20.72% and a Return on Equity (ROE) of 17.09%. Its debt to EBITDA ratio stands at 0.79, indicating solid financial discipline.
The latest quarterly results show a Profit After Tax (PAT) of ₹317.0 cr, reflecting a 41.7% increase, reinforcing operational strength.
Not investment advice. For informational purposes only.