Kanishk Steel Industries Reports Decline in Sales and Profits for Q1 FY25
Kanishk Steel Industries, a microcap company in the iron and steel industry, recently announced its financial results for the quarter ending March 2024. The company’s stock has been given a ‘Strong Sell’ rating by MarketsMOJO.
According to the financial report, Kanishk Steel has seen a negative performance in the quarter, with a score of -10 compared to -12 in the previous quarter. This indicates a slight improvement, but the company is still facing challenges.
One of the major concerns for Kanishk Steel is its Profit Before Tax (PBT) which has fallen by 38% to Rs -0.98 crore compared to the average PBT of the previous four quarters at Rs -0.71 crore. This trend is expected to continue in the near term.
Similarly, the company’s Profit After Tax (PAT) has also seen a significant decline of 67.7% to Rs 0.21 crore compared to the average PAT of the previous four quarters at Rs 0.65 crore. This is a cause for concern for investors.
In terms of sales, Kanishk Steel has reported a decline of 17.8% in its Net Sales for the quarter at Rs 79.73 crore compared to the average Net Sales of the previous four quarters at Rs 97.02 crore. This is the lowest sales figure in the last five quarters, indicating a negative trend in the company’s sales.
Another red flag for Kanishk Steel is its high Non-Operating Income, which is 246.27% of its PBT. This means that the company’s income from non-business activities is high, which is not a sustainable business model.
Overall, the financial results for the quarter ending March 2024 show a negative trend for Kanishk Steel Industries. Investors are advised to approach the company’s stock with caution, as it has been given a ‘Strong Sell’ rating by MarketsMOJO.
{{stockdata.stock.price.value}} {{stockdata.stock.price_difference.value}} ({{stockdata.stock.price_percentage.value}}%)
{{stockdata.stock.date.value}} | BSE+NSE Vol: {{stockdata.index_name}} Vol: {{stockdata.stock.bse_nse_vol.value}} ({{stockdata.stock.bse_nse_vol_per.value}}%)
{{text.big_txt}}
{{text .small_txt}}
{{dashverdictresult.dashboard.stock_details.short_name}}
SEND BY EMAIL
Register now to see if the stock’s characteristics match your investment style
Subscribe now to see if the stock's characteristics match your investment style
{{dashverdictresult.dashboard.risk_return_voltality.risk_type}}, {{dashverdictresult.dashboard.risk_return_voltality.return_type}}
| {{ value[0] }} | {{ value[1] }} | {{ value[2] }} | {{ value[3] }} |
| {{ value[0] }} | {{ value[1] }} | {{ value[2] }} | {{ value[3] }} |
Create your portfolio and know how much should this stock be in your portfolio
Subscribe now to know how much you should hold in this stock
We have found 2 better stocks that you can consider
{{dashverdictresult.dashboard.return_text}}
Investors Returns (3 years) –
| Period | 6M | 1Y | 2Y | 3Y |
| {{ keyd.val }} | ||||
| {{ keyd.val }} |
Quality: {{dashverdictresult.dashboard.dotsummary.q_txt}}
Valuation: {{dashverdictresult.dashboard.dotsummary.v_txt}}
Quarterly Financial Trend: {{dashverdictresult.dashboard.dotsummary.f_txt}}
Technicals: {{dashverdictresult.dashboard.dotsummary.tech_txt}}
Stock Info:
BSE – {{dashverdictresult.dashboard.stock_details.scripcode}}/ NSE – {{dashverdictresult.dashboard.stock_details.symbol}}
Market Cap – {{dashverdictresult.dashboard.priceinfo.mcap_class}} (Rs. {{dashverdictresult.dashboard.priceinfo.mcap| number :0}} cr)
Sector – {{dashverdictresult.dashboard.stock_details.ind_name}}
52 w H/L (Rs.) – {{dashverdictresult.dashboard.priceinfo.wk_high52}}/{{dashverdictresult.dashboard.priceinfo.wk_low52}}
Average vol (6M) – {{dashverdictresult.dashboard.priceinfo.vol}}
Related Stock Links
- {{stockdata.stock.stock_name.value}} Analysis
- {{stockdata.stock.stock_name.value}} Technicals
- {{stockdata.stock.stock_name.value}} Quality
- {{stockdata.stock.stock_name.value}} Valuation
- {{stockdata.stock.stock_name.value}} Financial Trend
- {{stockdata.stock.stock_name.value}} Return Analysis
- {{stockdata.stock.stock_name.value}} Price Analysis
- {{stockdata.stock.stock_name.value}} Quarterly Result Analysis
- {{stockdata.stock.stock_name.value}} Half-Yearly Result Analysis
- {{stockdata.stock.stock_name.value}} Nine Monthly Result Analysis
- {{stockdata.stock.stock_name.value}} Annual Results
- {{stockdata.stock.stock_name.value}} Balance Sheet
- {{stockdata.stock.stock_name.value}} Profit & Loss
- {{stockdata.stock.stock_name.value}} Cash Flow
- {{stockdata.stock.stock_name.value}} News
- {{stockdata.stock.stock_name.value}} Announcements
- {{stockdata.stock.stock_name.value}} Share Holding
- {{stockdata.stock.stock_name.value}} Peer Comparison
