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
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.