Enterprise International Reports Decline in Financial Performance, Receives 'Sell' Rating from MarketsMOJO
Enterprise International, a microcap textile company, reported a flat performance in the quarter ending March 2024 with a score of -5 compared to -1 in the previous three months. The company's operating profit and profit before tax were at their lowest in the last five quarters, while earnings per share and debtors turnover ratio also showed a decline. Investors are advised to consider the company's declining financial health and the 'Sell' call given by MarketsMojo before making any investment decisions.
Enterprise International, a microcap textile 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, Enterprise International has experienced a flat performance in the quarter, with a score of -5 compared to -1 in the previous three months. This indicates a decline in the company's financial health.
The operating profit (PBDIT) for the quarter was at its lowest in the last five quarters, standing at Rs -0.12 crore. The trend for near-term operating profit is also negative. Similarly, the profit before tax (PBT) less other income was at its lowest in the last five quarters, at Rs -0.17 crore. The trend for near-term PBT is also negative.
The company's earnings per share (EPS) for the quarter were at its lowest in the last five quarters, at Rs -0.03. This shows a decline in profitability and lower earnings for shareholders.
Additionally, the debtors turnover ratio for the half-yearly period was at its lowest in the last five periods, at 0.00 times. This indicates that the company's pace of settling its debtors has slowed down.
Overall, the financial results for the quarter ending March 2024 do not paint a positive picture for Enterprise International. Investors are advised to take note of the company's declining financial performance and the 'Sell' call given by MarketsMOJO before making any investment decisions.
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