Kingfa Science & Technology (India) Reports Mixed Financial Results for Q2 2024-25.
Net Profit - Quarterly: Lowest at Rs 10.10 cr and Falleneach quarter in the last five quarters.The company's net profit has been declining in the last few quarters. Debt to Equity Ratio - Quarterly: Highest at 0.02 and Increasedeach quarter in the last two quarters.The company's debt to equity ratio has been increasing, indicating higher reliance on debt for financing.
Kingfa Science & Technology (India), a smallcap company in the plastic products industry, recently announced its financial results for the quarter ending September 2024. According to the data released on October 29, 2024, the company's stock has been given a 'Sell' call by MarketsMOJO.
The financial performance of Kingfa Science for the second quarter of the fiscal year 2024-25 has remained flat, with a score of 3 out of 10, a decrease from the previous score of 7 in the last three months. However, there are some positive aspects to the company's financials.
One of the key highlights is the company's net sales, which have been consistently growing each quarter in the last five quarters and reached a high of Rs 418.33 crore in the September 2024 quarter. This indicates a positive trend in the company's sales in the near term.
Another positive aspect is the company's dividend per share (DPS), which has been the highest at Rs 10.00 in the last five years. This shows that the company is distributing a higher dividend from its profits, which is a good sign for investors.
However, there are also some areas of concern in Kingfa Science's financials. The company's operating cash flow has been consistently falling each year in the last three years, with the lowest at Rs 16.10 crore in the September 2024 quarter. This indicates a decline in the company's cash revenues from business operations.
Additionally, the company's net profit has also been declining in the last few quarters, with the lowest at Rs 10.10 crore in the September 2024 quarter. This is a cause for concern for investors.
Moreover, the company's debt to equity ratio has been increasing in the last two quarters, reaching a high of 0.02 in the September 2024 quarter. This suggests that the company is relying more on debt for financing, which could impact its financial stability.
In conclusion, while Kingfa Science & Technology (India) has shown some positive aspects in its financials, there are also some areas of concern that investors should keep in mind. The 'Sell' call by MarketsMOJO indicates a cautious approach towards the company's stock.
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