The credit rating agency has reaffirmed the ratings on long-term bank facilities of the company at CARE BBB+; Stable and short-term at CARE A2.

CARE reaffirms credit ratings on bank facilities of Magna Electro Castings

Last month, the company had resumed partial operations at the plant with minimal workforce.

Magna Electro Castings resumes normal operations at company’s plant

Price return has been average, nothing exciting

Performance

Seems to be overvalued vs the market average

Valuation

Lagging behind the market in financials growth

Growth

Showing good signs of profitability & efficiency

Profitability

The stock is overpriced but is not in the overbought zone

Current price is more than the intrinsic value

Fundamentals

Good time to consider, stock is not in the overbought zone

Technicals

Entry point

Promoter pledged holding

Unsolicited messages

Default probability

Red flags

Magna Electro Castings Limited is engaged in the manufacture of iron castings and steel components. Its product categories offer products for refrigeration, rail road, printing, hydraulics, automotive, electrical and windmills. 

Magna Electro Castings Ltd

Magna Electro Castings Ltd

Scorecard

News & Opinions

CARE reaffirms credit ratings on bank facilities of Magna Electro Castings

Magna Electro Castings resumes normal operations at company’s plant