Emco Ltd (EMCO) (Share Price - Rs.19.9): AVOID
Valuation: Uncertain with uncertain numbers.
Reasons To Avoid: The company has low-interest coverage ratio. Nearly zero growth in last five years.
Drivers: The company is dealing with operational troubles. Return ratios are unable to contribute. Contingent liabilities increasing year after year and has touched to Rs.777 crore.
Financial: Fundamentals of the company are not in support of the business of the company. Revenue growth looks uncertain on the YoY basis. Financial troubles are adding uncertainty on the earnings side.
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