India Cements' Financial Performance Declared 'Very Negative' by MarketsMOJO

India Cements, a midcap company in the cement industry, recently declared its financial results for the quarter ending September 2024. However, the company's performance has been deemed as Very Negative by MarketsMOJO, with a 'Strong Sell' stock call.

According to the Sep 2024 financials, India Cements has shown a decrease in its debt-equity ratio, which is now at its lowest in the last five half-yearly periods. This indicates that the company has been reducing its borrowing in comparison to its equity capital.

On the other hand, the company's profit before tax (PBT) and profit after tax (PAT) have both fallen significantly, with a negative trend in the near term. The net sales have also decreased by 12.2% in comparison to the previous four quarters. Additionally, the company's ability to manage interest payments has deteriorated, with the operating profit to interest ratio at its lowest in the last five quarters.

Moreover, the company's operating profit and operating profit margin have also shown a negative trend in the near term. The earnings per share (EPS) and dividend per share (DPS) have both decreased, with the company distributing lower dividends than in previous years. The non-operating income has increased, but it may not be sustainable in the long run.

Overall, India Cements has shown a very negative financial performance in the quarter ending September 2024. Investors are advised to carefully consider these factors before making any investment decisions.