DHP India Receives 'Strong Sell' Call from MarketsMOJO Due to Declining Financial Performance
DHP India's latest financial results for quarter 202403 have led to a 'Strong Sell' call from MarketsMojo. The company's performance has declined, with a significant decrease in PAT and PBT, as well as a decrease in Net Sales for the nine-month period. The company's Operating Cash Flow has also been the lowest in the last three years, indicating difficulties in generating cash from core business activities.
This shows that the company is struggling to generate cash from its core business activities.Based on the latest financial results for quarter 202403, DHP India has received a 'Strong Sell' call from MarketsMOJO. The company's financial performance has seen a decline, with a negative score of -16 compared to -7 in the previous quarter.
One of the major factors contributing to this decline is the decrease in Profit After Tax (PAT) by 61.39% year on year. The company's Profit Before Tax less Other Income (PBT) has also fallen by 15.6% compared to the average of the previous four quarters. Additionally, the Net Sales for the nine-month period have decreased by 23.88% year on year.
Furthermore, DHP India's Operating Cash Flow for the year has been the lowest in the last three years, indicating a struggle to generate cash from its core business activities.
Based on these financial results, MarketsMOJO has given a 'Strong Sell' call for DHP India. Investors should carefully consider these factors before making any investment decisions.
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