Kanoria Chemicals (India) Buy Hold or Sell Recommendation
| KANORICHEM | 114.67 2.94 2.63% |
Assuming the 90 days trading horizon and your above-average risk tolerance, our recommendation regarding Kanoria Chemicals Industries is 'Strong Sell'. Macroaxis provides Kanoria Chemicals buy-hold-or-sell recommendation only in the context of selected investment horizon and investor attitude towards risk assumed by holding KANORICHEM positions.
Check out Kanoria Chemicals Analyst Recommendation to compare Macroaxis Buy or Sell Recommendation with the current analyst consensus. To check ratings for multiple equity instruments, please use the Instant Ratings tool. In addition, we conduct extensive research on individual companies such as Kanoria and provide practical buy, sell, or hold advice based on investors' investing horizon and their risk tolerance towards Kanoria Chemicals Industries. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in metropolitan statistical area.
Kanoria |
Execute Kanoria Chemicals Buy or Sell Advice
The Kanoria recommendation should be used to complement the buy-or-sell advice compiled from the current analysts' consensus on Kanoria Chemicals Industries. Macroaxis does not own or have any residual interests in Kanoria Chemicals Industries or other equities on which the buy-or-sell advice is provided. Please provide your input below to execute Kanoria Chemicals' advice using the current market data and latest reported fundamentals.
Time Horizon
Risk Tolerance
 |  |
Strong Sell
Market Performance | Very Weak | Details | |
Volatility | Very steady | Details | |
Hype Condition | Stale | Details | |
Current Valuation | Overvalued | Details | |
Odds Of Distress | Below Average | Details | |
Economic Sensitivity | Follows the market closely | Details | |
Analyst Consensus | Not Available | Details | |
Reporting Quality (M-Score) | Inapplicable | Details |
Kanoria Chemicals Trading Alerts and Improvement Suggestions
| Kanoria Chemicals generated a negative expected return over the last 90 days | |
| Kanoria Chemicals has high historical volatility and very poor performance | |
| The company reported the revenue of 14.55 B. Net Loss for the year was (384 M) with profit before overhead, payroll, taxes, and interest of 4.73 B. | |
| About 78.0% of the company outstanding shares are owned by corporate insiders | |
| Latest headline from news.google.com: Kanoria Chem Standalone September 2024 Net Sales at Rs 160.94 crore, up 12.74 percent Y-o-Y - Moneycontrol |
Kanoria Chemicals Returns Distribution Density
The distribution of Kanoria Chemicals' historical returns is an attempt to chart the uncertainty of Kanoria Chemicals' future price movements. The chart of the probability distribution of Kanoria Chemicals daily returns describes the distribution of returns around its average expected value. We use Kanoria Chemicals Industries price's Value At Risk and its Upside Potential as a relative measure of the distribution. The graph of the distribution of Kanoria Chemicals returns is essential to provide solid investment advice for Kanoria Chemicals.
| Mean Return | 0 | Value At Risk | -6.1 | Potential Upside | 7.96 | Standard Deviation | 4.06 |
Return Density |
| Distribution |
Investment risk management requires an estimate of the probability of extreme price changes. Therefore, the correct representation of the distribution of Kanoria Chemicals historical returns presented in an easy-to-digest graphical form helps investors and money managers understand the risk-reward trade-off of different investement strategies.
Kanoria Chemicals Cash Flow Accounts
| 2019 | 2020 | 2021 | 2022 | 2023 | 2024 (projected) | ||
| Change To Inventory | 90.1M | 146M | (871.0M) | (238.7M) | (73.3M) | (77.0M) | |
| Change In Cash | 167.8M | (42.6M) | (130.8M) | (200K) | (76.4M) | (72.6M) | |
| Free Cash Flow | (160.9M) | 548.2M | 402.2M | (317.6M) | (432.2M) | (410.6M) | |
| Depreciation | 560.6M | 580.4M | 572.0M | 589.3M | 625.0M | 429.4M | |
| Other Non Cash Items | 67.2M | 289.6M | 118.3M | 95.3M | 361.5M | 379.6M | |
| Capital Expenditures | 471.4M | 276.5M | 428.6M | 574.8M | 807.9M | 573.2M | |
| Net Income | (428.3M) | 152.1M | 131.3M | (122.1M) | (384M) | (364.8M) | |
| End Period Cash Flow | 362.2M | 319.6M | 188.8M | 188.6M | 112.2M | 154.8M | |
| Investments | 204.2M | 24.1M | (16.4M) | (249.8M) | (503.5M) | (478.3M) | |
| Net Borrowings | 302.8M | (494.5M) | (300.3M) | 323.6M | 291.2M | 255.9M | |
| Change To Netincome | (103.2M) | 296.4M | 181.3M | 60.9M | 70.0M | 73.5M |
Kanoria Chemicals Greeks
Most traded equities are subject to two types of risk - systematic (i.e., market) and unsystematic (i.e., nonmarket or company-specific) risk. Unsystematic risk is the risk that events specific to Kanoria Chemicals or Chemicals sector will adversely affect the stock's price. This type of risk can be diversified away by owning several different stocks in different industries whose stock prices have shown a small correlation to each other. On the other hand, systematic risk is the risk that Kanoria Chemicals' price will be affected by overall stock market movements and cannot be diversified away. So, no matter how many positions you have, you cannot eliminate market risk. However, you can measure a Kanoria stock's historical response to market movements and buy it if you are comfortable with its volatility direction. Beta and standard deviation are two commonly used measures to help you make the right decision.
α | Alpha over Dow Jones | -0.07 | |
β | Beta against Dow Jones | 0.52 | |
σ | Overall volatility | 4.13 | |
Ir | Information ratio | -0.03 |
Kanoria Chemicals Volatility Alert
Kanoria Chemicals Industries shows above-average downside volatility for the selected time horizon. Understanding different market volatility trends often help investors to time the market. Properly using volatility indicators enable traders to measure Kanoria Chemicals' stock risk against market volatility during both bullish and bearish trends. The higher level of volatility that comes with bear markets can directly impact Kanoria Chemicals' stock price while adding stress to investors as they watch their shares' value plummet. This usually forces investors to rebalance their portfolios by buying different financial instruments as prices fall.Kanoria Chemicals Fundamentals Vs Peers
Comparing Kanoria Chemicals' fundamentals to the average values of its peers is one of the most widely used and accepted methods of equity analyses. It helps to analyze Kanoria Chemicals' direct or indirect competition across all of the common fundamentals between Kanoria Chemicals and the related equities. This way, we can detect undervalued stocks with similar characteristics as Kanoria Chemicals or determine the stocks which would be an excellent addition to an existing portfolio. Peer analysis of Kanoria Chemicals' fundamental indicators could also be used in its relative valuation, which is a method of valuing Kanoria Chemicals by comparing valuation metrics with those of similar companies.
| Better Than Average | Worse Than Average | Compare Kanoria Chemicals to competition |
| Fundamentals | Kanoria Chemicals | Peer Average |
| Return On Equity | -0.12 | -0.31 |
| Return On Asset | -0.0054 | -0.14 |
| Profit Margin | (0.03) % | (1.27) % |
| Operating Margin | 0.01 % | (5.51) % |
| Current Valuation | 10.11 B | 16.62 B |
| Shares Outstanding | 43.69 M | 571.82 M |
| Shares Owned By Insiders | 77.91 % | 10.09 % |
| Price To Book | 0.86 X | 9.51 X |
| Price To Sales | 0.34 X | 11.42 X |
| Revenue | 14.55 B | 9.43 B |
| Gross Profit | 4.73 B | 27.38 B |
| EBITDA | 694.65 M | 3.9 B |
| Net Income | (384 M) | 570.98 M |
| Cash And Equivalents | 24.8 M | 2.7 B |
| Total Debt | 5.09 B | 5.32 B |
| Book Value Per Share | 130.44 X | 1.93 K |
| Cash Flow From Operations | 375.74 M | 971.22 M |
| Earnings Per Share | (11.84) X | 3.12 X |
| Number Of Employees | 382 | 18.84 K |
| Beta | 0.63 | -0.15 |
| Market Capitalization | 4.96 B | 19.03 B |
| Total Asset | 14.9 B | 29.47 B |
| Retained Earnings | 4.59 B | 9.33 B |
| Working Capital | 538.4 M | 1.48 B |
| Net Asset | 14.9 B |
Kanoria Chemicals Market Momentum
Traders often use several daily momentume indicators to supplement a more traditional technical analysis when analyzing securities such as Kanoria . With many different options, investors must choose the best indicators for them and familiarize themselves with how they work. We suggest combining traditional momentum indicators with more near-term forms of technical analysis such as Accumulation Distribution or Daily Balance Of Power. With their quantitative nature, daily value technical indicators can also be incorporated into your automated trading systems.
About Kanoria Chemicals Buy or Sell Advice
When is the right time to buy or sell Kanoria Chemicals Industries? Buying financial instruments such as Kanoria Stock isn't very hard. However, what challenging for most investors is doing it at the right time to beat the market. Proper market timing is something most people cannot do without sophisticated tools, which help to isolate the right opportunities. Macroaxis provides hands-on modules to deliver winning trades and diversify your portfolios on a daily basis. Most of our advising modules are very easy to use and apply.
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Other Information on Investing in Kanoria Stock
Kanoria Chemicals financial ratios help investors to determine whether Kanoria Stock is cheap or expensive when compared to a particular measure, such as profits or enterprise value. In other words, they help investors to determine the cost of investment in Kanoria with respect to the benefits of owning Kanoria Chemicals security.