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I've been keeping an eye on Visaka Industries Limited (NSE:VISAKAIND) because I'm attracted to its fundamentals. Looking at the company as a whole, as a potential stock investment, I believe VISAKAIND has a lot to offer. Basically, it is a financially-sound company with a great track record superior dividend payments, trading at a great value. In the following section, I expand a bit more on these key aspects. For those interested in digging a bit deeper into my commentary, take a look at the report on Visaka Industries here.
Excellent balance sheet, good value and pays a dividend
VISAKAIND is financially robust, with ample cash on hand and short-term investments to meet upcoming liabilities. This implies that VISAKAIND manages its cash and cost levels well, which is an important determinant of the company’s health. VISAKAIND's has produced operating cash levels of 0.29x total debt over the past year, which implies that VISAKAIND's management has put its borrowings into good use by generating enough cash to cover a sufficient portion of borrowings. VISAKAIND's shares are now trading at a price below its true value based on its PE ratio of 8.51x, compared to the industry and wider stock market ratio, making it a relatively cheap stock compared to its peers.
VISAKAIND is also a dividend company, with ample net income to cover its dividend payout, which has been consistently growing over the past decade, keeping income investors happy.
Next Steps:
For Visaka Industries, I've compiled three relevant factors you should further examine:
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Future Outlook: What are well-informed industry analysts predicting for VISAKAIND’s future growth? Take a look at our free research report of analyst consensus for VISAKAIND’s outlook.
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Historical Performance: What has VISAKAIND's returns been like over the past? Go into more detail in the past track record analysis and take a look at the free visual representations of our analysis for more clarity.
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Other Attractive Alternatives : Are there other well-rounded stocks you could be holding instead of VISAKAIND? Explore our interactive list of stocks with large potential to get an idea of what else is out there you may be missing!
We aim to bring you long-term focused research analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material.
If you spot an error that warrants correction, please contact the editor at editorial-team@simplywallst.com. This article by Simply Wall St is general in nature. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. Simply Wall St has no position in the stocks mentioned. Thank you for reading.