Madhav Marbles and Granites Receives 'Strong Sell' Rating from MarketsMOJO

Madhav Marbles and Granites, a microcap company in the ceramics and allied industry, recently announced its financial results for the quarter ending March 2024. The results, declared on August 14, 2024, have received a 'Strong Sell' call from MarketsMOJO.

The company's financial performance for the quarter has been negative, with a score of -7 compared to -2 in the previous quarter. This indicates a decline in overall performance in the last three months.

One of the major factors contributing to this decline is the Profit After Tax (PAT), which has fallen to -0.03 crore, a decrease of 250% compared to the same quarter last year. The trend for near-term PAT is also negative.

Another concerning aspect is the Debtors Turnover Ratio, which has been consistently falling in the last five half-yearly periods and is currently at its lowest at 2.69 times. This indicates that the company's pace of settling its debtors has slowed down.

In addition, the company's Cash and Cash Equivalents have also decreased to 0.97 crore in the last six half-yearly periods, indicating a deterioration in short-term liquidity.

Based on these financials, MarketsMOJO has given a 'Strong Sell' call for Madhav Marbles and Granites. Investors should carefully consider these factors before making any investment decisions.