Jagan Lamps Stock Price Analysis and Quick Research Report. Is Jagan Lamps an attractive stock to invest in?

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 Jagan Lamps is performing and if it is the right time to buy the stock of Jagan Lamps with detailed analysis.

• The mainstream of revenue for Auto Sector is their sales, Jagan Lamps has reported poor sales growth of 9.422 % and in the latest quarter sales was Rs 12.128 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 4.9158 times for Jagan Lamps . It is managing its inventory poorly .
   
• Jagan Lamps reported Profit growth of 10.2154 % over the year, where the latest year profit is Rs 2.9368 Cr compared to the previous year of Rs 2.6646 Cr. The new permits by governments and increasing demand will lead to an increase in profits in the coming year.
   
• The operating profit of Jagan Lamps in the latest quarter is Rs 1.409 Cr. It helps in measuring the company’s operating performance which is used to make financing decisions.
   
• Jagan Lamps has a average ROE of 10.1945 %. 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. Jagan Lamps has a low Debt to Equity ratio of 0.1807.
   
• Jagan Lamps pays a dividend of 0 Rs per share. It tells us that a company dislikes to share profits with its shareholders. The dividend yield is low at 0 %.
   
• The share of promoter in Jagan Lamps is high at 57.78 %, where the pledging is 0 %.
   
• What the market is willing to pay for the company for its earnings can be determined by PE multiple. Current PE of Jagan Lamps is 17.10031306727 compared to the 5 year average PE of 15.3772221179655 .
   
• Share Price: - The current share price of Jagan Lamps is Rs 65. One can use valuation calculators of ticker to know if Jagan Lamps share price is undervalued or overvalued.