Lakshmi Electrical Control Systems Reports Negative Performance in Q4 2023

Lakshmi Electrical Control Systems, a microcap company in the capital goods industry, recently announced its financial results for the quarter ending December 2023. According to the latest report, the company has seen a negative performance with a score of -18, a significant decrease from 0 in the last three months.

Despite the overall negative trend, there are some positive aspects to note from the financials. The company's Debtors Turnover Ratio for the half-yearly period is at its highest in the last five periods, indicating that the company has been able to settle its debtors faster.

However, there are several areas that are not working in favor of Lakshmi Electrical. The Profit Before Tax less Other Income (PBT) for the quarter has fallen by -72.20% year on year, and the Profit After Tax (PAT) has also decreased by -55.2% year on year. The net sales for the quarter have also seen a decline of -11.63% year on year, and it is the lowest in the last five quarters. The company's operating profit and operating profit margin have also decreased, indicating a decline in efficiency.

Moreover, the company's Non-Operating Income is 43.08% of the Profit Before Tax, which suggests that the company's income from non-business activities is high, which may not be a sustainable business model. The Earnings per Share (EPS) for the quarter is also at its lowest in the last five quarters, indicating a decline in profitability and lower earnings for shareholders.

Based on these financial results, MarketsMOJO has given a 'Sell' call for Lakshmi Electrical Control Systems' stock. It is important for investors to carefully consider these financials before making any investment decisions.