Madhav Marbles and Granites' Financial Performance Sees Decline in Q3 2023.

Madhav Marbles and Granites, a microcap company in the ceramics and allied industry, recently declared its financial results for the quarter ending December 2023. However, the news is not positive for the company as its financial performance has seen a decline. According to MarketsMOJO, a leading stock analysis platform, the stock call for Madhav Marbles is currently 'Strong Sell'.

The company's net sales for the quarter have fallen by 29.35% year on year, standing at Rs 6.50 crore. This is a significant decrease from the previous quarter and indicates a negative sales trend in the near term. Similarly, the profit after tax (PAT) has also fallen by 26.5% year on year, standing at Rs -2.15 crore. This negative trend in PAT is a cause for concern for the company.

In addition, the inventory turnover ratio for Madhav Marbles has been consistently falling in the last five half-yearly periods, currently standing at 1.44 times. This indicates a slowdown in the company's pace of selling inventory. The debtors turnover ratio has also seen a decline in the last five half-yearly periods, standing at 3.28 times. This shows a slowdown in the company's pace of settling its debtors.

Furthermore, the company's net sales for the quarter have been the lowest in the last five quarters, standing at Rs 6.50 crore. The operating profit (PBDIT) for the quarter has also been the lowest in the last five quarters, standing at Rs -1.62 crore. This indicates a negative trend in the company's near term operating profit. The operating profit margin has also seen a decline, standing at -24.92% in the last five quarters, indicating a deterioration in the company's efficiency.

Lastly, the profit before tax less other income (PBT) for the quarter has been the lowest in the last five quarters, standing at Rs -2.67 crore. The earnings per share (EPS) for the quarter have also been the lowest in the last five quarters, standing at Rs -2.40. This decline in profitability is a cause for concern for shareholders.

In conclusion, Madhav Marbles and Granites has seen a negative financial performance in the quarter ending December 2023. The company's sales, profitability, and efficiency have all seen a decline, indicating a challenging road ahead for the microcap company.