Cochin Malabar Reports Steady Performance in Q1 FY25, Debt to Equity Ratio Improves

Aug 08 2024 05:54 PM IST
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Cochin Malabar reports a 3.5% increase in revenue to Rs 10.23 cr and a slight improvement in EBITDA to Rs 0.66 cr. Gross margin remains stable at 6.4% while net margin improves to 8.2%. Debt to equity ratio decreases to 0.1, indicating a stronger financial position. MarketsMojo gives a 'Sell' call for the stock due to its small size and industry volatility. Investors should carefully consider their options.

Revenue: Revenue has increased by 3.5% to Rs 10.23 cr from Rs 9.88 cr in the previous quarter.

EBITDA: EBITDA has also shown a slight improvement, increasing from Rs 0.62 cr in the previous quarter to Rs 0.66 cr in the current quarter.

Gross Margin: The gross margin has remained stable at 6.4% in the current quarter, compared to 6.3% in the previous quarter.

Net Margin: The net margin has also improved, going from -6.8% in the previous quarter to 8.2% in the current quarter.

Debt to Equity Ratio: The company’s debt to equity ratio has decreased from 0.2 in the previous quarter to 0.1 in the current quarter, indicating a stronger financial position.

Overall, Cochin Malabar has shown a steady performance in the current quarter, with improvements in key financial metrics. However, MarketsMOJO has given a ‘Sell’ call for the stock, possibly due to the company’s small size as a microcap and the overall volatility in the rubber products industry. Investors should carefully consider their options before making any decisions regarding Cochin Malabar’s stock.


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