Cranes Software International Announces Mixed Financial Results, Receives 'Sell' Rating from MarketsMOJO

Cranes Software International, a microcap IT software company, recently announced its financial results for the quarter ending March 2024. The company's stock has been given a 'Sell' call by MarketsMOJO.

According to the financial report, Cranes Software's performance has remained flat in the last quarter, with a score of -4 compared to 0 in the previous three months. However, there are some positive aspects to the company's financials based on the June 2024 data.

One of the key strengths of Cranes Software is its Debtors Turnover Ratio, which has been consistently high at 1.63 times in the last five half-yearly periods. This indicates that the company has been able to collect payments from its debtors at a faster rate.

On the other hand, there are some areas of concern for Cranes Software. The company's Profit After Tax (PAT) for the quarter has fallen by 77.7% compared to the average PAT of the previous four quarters. This is a significant decline and the near-term trend for PAT is negative.

Another issue highlighted in the financial report is the company's Non-Operating Income, which is 342.22% of the Profit Before Tax (PBT). This indicates that a large portion of the company's income is coming from non-business activities, which may not be sustainable in the long run.

Furthermore, the company's Cash and Cash Equivalents have reached a low of Rs 0.59 crore in the last six half-yearly periods. This shows a deterioration in short-term liquidity for Cranes Software.

Overall, while Cranes Software has some strengths in its financials, there are also some areas of concern that investors should take note of. The company's stock has been given a 'Sell' call by MarketsMOJO, and it remains to be seen how the company will perform in the coming quarters.