Madhav Marbles' Q3 Financial Results Decline

Madhav Marbles & Granites, a microcap company in the ceramics and allied industry, recently declared its financial results for the quarter ended September 2023. According to the analysis by MarketsMOJO, the stock call for the company is 'Sell'.

In the quarter ended September 2023, Madhav Marbles saw a decline in net sales by -4.31% compared to the previous quarter. The consolidated net profit also saw a significant decrease of -3,950.00% in the same period. The operating profit (PBDIT) excluding other income also saw a decline of -194.44%, while the interest expenses increased by 141.38%.

The operating profit margin (excluding other income) has also fallen compared to the previous quarter. However, the company's overall financial performance has improved from a score of -8 to -4 in the last three months.

One of the positive aspects of Madhav Marbles' financials is its strong operating cash flow, which has been consistently growing over the last three years. However, the company's inventory turnover ratio and debtors turnover ratio have both decreased in the last five half-yearly periods, indicating a slowdown in the pace of selling inventory and settling debts.

In terms of sales, Madhav Marbles has seen a negative trend with a -8.81% year-on-year growth in net sales for the quarter ended September 2023. Overall, the company's financial performance for the quarter has been flat. Investors should carefully consider these factors before making any investment decisions.