India Glycols LtdDate : 19.02.2025
India Glycols
Timeframe : Weekly
Technical Remarks :
1 Closing above symmetrical triangle base is critical, if it happens so then keep the support & resistance zone as stoploss & trail trade.
2 Also look for pattern breakout in RSI, descending triangle breakout.
Important News :
CO ALLOCATED 180.6M LITERS OF ETHANOL SUPPLY THROUGH TENDER
ESTIMATED VALUE AGGREGATING TO 12.64B RUPEES UNDER ETHANOL BLENDED PETROL PROGRAMME
Fundamental Remarks :
Strengths
1 The company has shown a good profit growth of 34.84% for the Past 3 years.
2 Company’s PEG ratio is 0.40.
3 The company has an efficient Cash Conversion Cycle of -125.58 days.
4 The company has a good cash flow management; CFO/PAT stands at 2.02.
5 The company has a high promoter holding of 61.01%.
Weakness
1 The company has shown a poor revenue growth of 13.02% for the Past 3 years.
2 The company has a low EBITDA margin of 3.89% over the past 5 years.
Highlight :
More & more ethanol blending tender will boost revenue & may improve Ebita down the line as in current tariff war situation Indian will have to Import oil & gas from USA & that will have a impact on trade deficit on books, therefore for OMC's to maintain Petrol & diesel prices government will push for ethanol blending.
Regards,
Ankur
