Indian Terrain Fashions Reports Negative Financial Performance in Q3 2024

Indian Terrain Fashions, a microcap company in the trading industry, recently announced its financial results for the quarter ending September 2024. The stock call by MarketsMOJO for the company is 'Strong Sell'.

According to the financials, Indian Terrain has seen a very negative performance in the quarter, with a score of -25 compared to -15 in the previous quarter. However, there are some positive aspects to the company's financials. The cash and cash equivalents for the half-yearly period are at their highest in the last six periods, indicating an improvement in short-term liquidity.

On the other hand, there are some concerning factors as well. The net sales for the quarter have fallen by -38.85% year on year, indicating a very negative trend in the near term. The profit before tax less other income has also seen a significant decline of -5280.77% year on year, while the profit after tax has fallen by -164.0% year on year. This shows a very negative trend in the near term for the company's profitability.

Furthermore, the company's operating cash flow has been consistently falling in the last three years, indicating a decline in cash revenues from business operations. The debt-equity ratio for the half-yearly period is at its highest in the last five periods, indicating that the company is borrowing more to fund its operations, which may lead to a stressed liquidity situation.

The earnings per share for the quarter are at their lowest in the last five quarters, showing a decline in profitability and lower earnings for shareholders. Additionally, the company's pace of settling its debtors has slowed, with the debtors turnover ratio at its lowest in the last five periods. Lastly, the non-operating income for the quarter is at its highest in the last five quarters, but this may not be sustainable in the long run.

Overall, Indian Terrain Fashions has seen a very negative financial performance in the quarter ending September 2024. Investors should carefully consider these factors before making any investment decisions.