Bengal & Assam Company's Q4 financials show mixed results, investors advised to hold.

Bengal & Assam Company, a midcap finance and non-banking financial company (NBFC), recently announced its financial results for the quarter ending March 2024. The company's stock has been given a 'Hold' call by MarketsMOJO.

According to the financials, Bengal & Assam has seen a negative performance in the quarter, with a score of -17 compared to -8 in the previous quarter. However, there are some positive aspects to the company's financials. The debt-equity ratio has been consistently decreasing in the last five half-yearly periods, indicating a reduction in borrowing compared to equity capital.

On the other hand, there are some areas of concern for Bengal & Assam. The net sales for the quarter have fallen by 87.54% year on year, and the near-term sales trend is negative. Similarly, the profit before tax less other income and profit after tax have also seen a significant decline year on year, with a negative trend in the near term. The operating profit and earnings per share have also been at their lowest in the last five quarters, indicating a decline in profitability.

Another concerning aspect is the company's short-term liquidity, with cash and cash equivalents at their lowest in the last six half-yearly periods. This could potentially impact the company's ability to meet its short-term financial obligations.

Overall, Bengal & Assam Company's financial performance for the quarter ending March 2024 has been negative, with some areas of improvement and some areas of concern. Investors are advised to hold their positions and closely monitor the company's financials in the coming quarters.