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Him Teknoforge Stock Price Analysis and Quick Research Report. Is Him Teknoforge an attractive stock to invest in?
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The Indian Auto Industry comes in the top 5 largest auto industries of the world. India is also a prominent auto exporter and has strong export growth expectations for the near future. The support from the government is providing the auto companies with a boost needed in their development. But will it sustain?
We can look into more details and dig a little deeper into the analysis of the stock of this sector. Let’s look at how Him Teknoforge is performing and if it is the right time to buy the stock of Him Teknoforge with detailed analysis.
- The mainstream of revenue for Auto Sector is their sales, Him Teknoforge has reported outstanding sales growth of 47.1981809566386 % and in the latest quarter sales was Rs 98.458 Cr. To judge whether the company’s inventory is being sold or not and the sales picture is true, inventory turnover ratio plays a major role, which is 2.49290948411615 times for Him Teknoforge . It is managing its inventory poorly .
- The company reported Profit growth of 71.8369332554972 % over the year, where the latest year profit is Rs 8.8307 Cr compared to the previous year of Rs 5.139 Cr. The new permits by governments and increasing demand will lead to an increase in profits in the coming year.
- The operating profit of the company in the latest quarter is Rs 7.858 Cr. It helps in measuring the company’s operating performance which is used to make financing decisions.
- Him Teknoforge has a poor ROE of 5.57384075038274 %. The ROE is an important financial parameter because Auto companies work with high equity investments. Also, they have to take huge debt to incur the research and manufacturing work so their Debt to Equity ratio should be evaluated. Him Teknoforge has a low Debt to Equity ratio of 0.9253.
- Him Teknoforge pays a dividend of 0.4 Rs per share. It tells us that a company dislikes to share profits with its shareholders. The dividend yield is low at 0.3504 %.
- The share of promoter in the company is high at 54.55 %, where the pledging is 57.15 %.
- What the market is willing to pay for the company for its earnings can be determined by PE multiple. Current PE of Him Teknoforge is 9.65258861158147 compared to the 5 year average PE of 10.3935209830637 .
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Brief about Him Teknoforge