Conart Engineers Reports Flat Performance in Q2, Net Sales and Dividend Decrease

Conart Engineers, a microcap company in the capital goods industry, recently announced its financial results for the quarter ending September 2024. The company's stock has been given a 'Sell' call by MarketsMOJO.

According to the financial report, Conart Engineers has experienced a flat performance in the second quarter of the fiscal year 2024-2025. The company's score has dropped from 10 to -4 in the last three months.

One of the major factors contributing to this decline is the decrease in net sales. The company's net sales for the quarter were Rs 10.57 crore, which is a 13.9% decrease from the average net sales of the previous four quarters, which was Rs 12.28 crore. This indicates a negative trend in the company's sales in the near term.

Additionally, Conart Engineers has also seen a decrease in its dividend per share (DPS) for the year. The DPS for the current year is at its lowest in the last five years, at Rs 0.00. This is lower than the previous years, indicating a decrease in the company's distribution of dividends.

Furthermore, the company's dividend payout ratio (DPR) for the year is also at its lowest in the last five years, at 0.00%. This means that the company is distributing a lower proportion of its profits as dividends compared to previous years.

Overall, the financial results for the quarter ending September 2024 show a decline in performance for Conart Engineers. Investors should take note of these factors before making any investment decisions.