Natraj Proteins' Financial Results Show Negative Performance, Receives 'Strong Sell' Rating

Natraj Proteins, a microcap company in the refined oil and vanaspati industry, recently announced its financial results for the quarter ending September 2024. The company's stock has been given a 'Strong Sell' call by MarketsMOJO.

According to the financial report, Natraj Proteins has seen a negative performance in the quarter, with a score of -14 compared to -3 in the previous quarter. This decline can be attributed to various factors.

One of the major concerns for the company is its net sales, which have fallen by 52.4% to Rs 22.79 crore in the quarter. This is a significant drop from the average net sales of Rs 47.92 crore in the previous four quarters. The near-term sales trend for Natraj Proteins is also negative, indicating a potential struggle for the company in the coming months.

Another area of concern is the company's profit after tax (PAT), which has grown at a negative rate of 20.20% year on year. In the last half-yearly report, the PAT stood at Rs -2.75 crore. This negative trend in PAT is also reflected in the near-term performance of the company.

Furthermore, the net sales for the quarter have been the lowest in the last five quarters, standing at Rs 22.79 crore. This is another indication of the company's declining performance in the recent months.

Based on these financial results, MarketsMOJO has given a 'Strong Sell' call for Natraj Proteins. Investors and stakeholders should closely monitor the company's performance in the upcoming quarters to make informed decisions.