Alfred Herbert (India) Reports Mixed Financial Results for Q3 2024, with Positive Inventory Turnover and Dividend Payout Ratio

Net Profit - Quarterly: Lowest at Rs -0.10 Cr. in the last five quarters.Company has reported a loss in the recent quarter.
Debt to Equity Ratio - Annually: Highest at 0.01 times in the last five years.Company has a low debt to equity ratio, indicating a conservative financial structure.

Alfred Herbert (India), a microcap engineering company, recently announced its financial results for the quarter ending September 2024. The company's stock has been given a 'Hold' call by MarketsMOJO.

According to the financial report, Alfred Herbert's performance for the quarter was flat, with a score of 2 compared to -3 in the previous quarter. However, there are some positive aspects to the company's financials. The inventory turnover ratio for the half-yearly period was the highest at 95.00 times and has grown consistently over the last five half-yearly periods. This indicates that the company has been able to sell its inventory at a faster rate.

The operating profit (PBDIT) for the quarter was also the highest in the last five quarters at Rs 0.32 crore, showing a positive trend in the near term. Additionally, the company has been distributing higher dividends from its profits, with the dividend per share (DPS) being the highest at Rs 4.00 in the last five years. The dividend payout ratio (DPR) has also been consistently high at 42.70% in the last five years, indicating that the company is distributing a higher proportion of its profits as dividends.

However, there are some areas of concern for Alfred Herbert. The operating cash flow for the year was the lowest at Rs -0.10 crore and has been falling for the last three years. This shows that the company's cash revenues from business operations are declining. The net profit for the quarter was also the lowest in the last five quarters at Rs -0.10 crore, indicating a loss for the company.

On the bright side, Alfred Herbert has a low debt to equity ratio of 0.01 times, which suggests a conservative financial structure. Overall, the company's financial performance for the quarter has been mixed, with some positive and negative aspects. Investors are advised to hold their positions in the stock, as recommended by MarketsMOJO.