India Glycols upgraded to hold on valuation and technicals
after close1 source ↓written by the desknot a recommendation
- and a debt
- 2.48
- EBITDA ratio
- 3.55
- stands
- 8.6%
India Glycols Ltd has been upgraded to hold by MarketsMOJO due to improved valuation and technical indicators. Despite a sales growth rate of 10.3% and EBIT growth of 18.2%, concerns linger over its debt servicing ability, with an EBIT to interest coverage ratio of 2.48 and a debt to EBITDA ratio of 3.55.
The company's return on capital employed stands at 8.6%, indicating challenges in efficiency and asset utilization. This upgrade reflects cautious optimism amid mixed financial metrics.
Not investment advice. For informational purposes only.