Stock Analysis Report for Agarwal Industries (Ticker – AGARIND)
About the Company – Agarwal Industrial Corporation Limited( formerly known as Bombay Baroda Roadways (India ) Limited), was promoted Sh. Jaiprakash Agarwal, Sh. Lalit Agarwal, Sh. Mahendra Agarwal and Sh. Ramchandra Agarwal, brothers, in the year 1995 with the main objective to carry on the business of transportation of LPG and Bitumen throughout India. Our Company came out with its maiden Public Issue in the year 1996 to expand its business operation by adding the fleet of LPG and Bitumen Tankers and thereafter, there was no looking back.
Fundamental Analysis -
1. After trading on its peak around 500 this stock stumbled down to as low as 48 rs in Feb 2020. But due to their excellent management and business model they were able to recover from losses and in fact made money for their share holders too.
2. Last one year growth of AGARIND is 273%
3. Company has an excellent ROE of 17.6% which shows its respect towards the share holders.
4. Despite of all business ups and down the debt to equity ratio is .62 which again shows the strong financials of the company.
5. Adding cherry on the cake the stock has a piotroski score of 7 which amplifies its financial excellence.
Technical Analysis-
1. Stock has maintained a positive super trend from last 1 month.
2. Trading above 5-8-10-50-200 ema
3. Relative strength shows a strength of 60 +.