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Gorani Industries Stock Price Analysis and Quick Research Report. Is Gorani Industries an attractive stock to invest in?
The Consumer Durable sector in India has attracted significant investments over the years which resulted in increasing demand and also facilitated by the rise in disposable income. Indian Appliance and Consumer Electronics Industry’s market size was 21.49 billion USD in FY17 and is expected to be at 48.37 billion USD by FY22. The unorganized markets will provide scope for the rural markets to grow in fast paces because of the increase in the shift to organized markets.
The key growth drivers for the consumer durables sector are modernization, changing lifestyles, increasing awareness, rising incomes, convenient shopping options, etc. the relaxation by the government for FDI will also boost the sector.
Gorani Industries is India’s famous brand in the consumer durable segment nationally and globally. Let's study some key parameters of the company:
- The net sales of the company is Rs 28.7551 Cr. It has increased from the previous year sales of Rs 18.398 Cr. The sales growth of the company was outstanding at 56.2947059462985 %.
- The sales figure can be matched with inventory turnover to check whether it's justifiable or not. The turnover ratio for Gorani Industries is 4.4937216262043 times. Gorani Industries poorly manages its assets.
- The PAT growth rate of 152.023033792999 % is good for the company. The net profit compared to the % of sales is known as PAT margin which is 5.78366967946556 %.
- The growth of EPS should ideally be around the PAT growth rate. For Gorani Industries EPS growth rate is 152.024231678487 % which is nearby the PAT growth rate . The Earning per share for the latest quarter is 0.6638 Rs.
- Company’s assets have given an average return of 6.91543305701821 % for the 3 years and equity gave an average return of 16.8265425537846 % for the 3 years.
- Gorani Industries has a Debt to equity ratio of 1.017 which is an indicative measure of financial risk when compared to its peers.
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Brief about Gorani Industries