India Glycols upgraded to hold by MarketsMOJO
after close1 source ↓written by the desknot a recommendation
- coverage ratio
- 2.48
India Glycols Ltd has been upgraded to hold by MarketsMOJO, citing improved valuation and technical indicators. Despite a sales growth rate of 10.3% and EBIT growth of 18.2%, concerns linger over its weak debt servicing ability, with an EBIT to interest coverage ratio of 2.48 and a debt to EBITDA ratio of 3.55. This reflects ongoing challenges in efficiency and return metrics.
Not investment advice. For informational purposes only.