Royal India Corporation downgraded to strong sell amid concerns
pre-market1 source ↓written by the desknot a recommendation
- ROCE improved
- 56.82%
- average ROCE
- 28.4%
Royal India Corporation Ltd has been downgraded to strong sell due to weak fundamentals and profitability concerns. The company reported a CAGR of -6.89% in operating profits over five years and a Debt to EBITDA ratio of 7.96, indicating high leverage risk. While the latest half-year ROCE improved to 56.82%, overall efficiency remains low with an average ROCE of 28.4%.
Not investment advice. For informational purposes only.