Chandni Machines' Financial Performance Declines, MarketsMOJO Rates Stock as 'Sell'

Chandni Machines, a microcap company in the retailing industry, recently announced its financial results for the quarter ending September 2024. According to the report released on November 11, 2024, the stock call for Chandni Machines by MarketsMOJO is 'Sell'.

The company's financial performance for the quarter has been flat, with a score of -2 compared to 15 in the previous quarter. This decline in score can be attributed to several factors, as seen in the Sep 2024 financials.

One of the major concerns for Chandni Machines is the decrease in net sales, which have fallen by -20.9% to Rs 38.59 crore compared to the average net sales of the previous four quarters, which stood at Rs 48.78 crore. This trend is expected to continue in the near term, as the company's net sales have been the lowest in the last five quarters.

The operating profit (PBDIT) for the quarter has also seen a decline, with the lowest figure of Rs -0.44 crore in the last five quarters. This indicates a negative trend in the company's operating profit in the near term. The operating profit margin has also taken a hit, with the lowest figure of -1.14% in the last five quarters. This suggests a deterioration in the company's efficiency.

Furthermore, the profit before tax less other income (PBT) for the quarter has also seen a decline, with the lowest figure of Rs -0.51 crore in the last five quarters. This indicates a negative trend in the company's PBT in the near term.

Based on these financials, MarketsMOJO has given a 'Sell' call for Chandni Machines. Investors should take note of these factors and make informed decisions while investing in the company's stock.