Globus Spirits' Financial Performance Shows Negative Trend, Experts Recommend 'Sell' for Stock
Globus Spirits, a smallcap company in the breweries industry, recently declared its financial results for the quarter ending March 2024. According to the latest report, the company has seen a negative financial performance with a score of -18, a significant drop from its previous score of 1 in the last three months.
The company's Profit Before Tax (PBT) has fallen to -107.3% at Rs -2.39 crore, compared to the average PBT of the previous four quarters at Rs 32.64 crore. This indicates a very negative trend in the near term for PBT. Similarly, the Profit After Tax (PAT) has also fallen by -98.9% at Rs 0.38 crore, compared to the average PAT of the previous four quarters at Rs 33.05 crore.
The company's Operating Profit to Interest ratio has also reached its lowest point in the last five quarters at 3.25 times, indicating a deteriorating ability to manage interest payments. The Operating Profit Margin has also fallen each quarter in the last five quarters, currently at its lowest point of 3.47%. This shows a decline in the company's efficiency.
In terms of operating profit, Globus Spirits has recorded its lowest figure in the last five quarters at Rs 20.49 crore, with a negative trend in the near term. The Non Operating Income is also at its highest in the last five quarters at Rs 5.22 crore, which is 184.45% of the Profit Before Tax. This suggests that the company's income from non-business activities is high, which may not be a sustainable business model.
The company's Earnings per Share (EPS) has also declined to its lowest point in the last five quarters at Rs 0.13, indicating a decrease in profitability and lower earnings for shareholders. Additionally, the Non Operating Income has increased significantly in the last five quarters, which may not be sustainable in the long run.
Based on these financial results, MarketsMOJO has given a 'Sell' call for Globus Spirits' stock. It is important for investors to carefully consider these factors before making any investment decisions.
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