NR Agarwal Industries Reports Mixed Financial Results for Q3 2024

Nov 09 2024 04:54 PM IST
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NR Agarwal Industries, a microcap company in the paper and paper products industry, reported a negative performance in the quarter ending September 2024 with a score of -25. However, the company's operating cash flow and net sales have shown positive trends. Concerns include a decreasing operating profit to interest ratio and a significant decrease in profit before tax. Investors should carefully evaluate these factors before making any investment decisions.

NR Agarwal Industries, a microcap company in the paper and paper products 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 financials, NR Agarwal Industries has seen a very negative performance in the quarter, with a score of -25, which has improved from -31 in the last three months. However, there are some positive aspects to the company's financials. The operating cash flow has been consistently growing over the last three years, with the highest amount of Rs 135.14 crore in the last year. The net sales for the quarter were also at its highest in the last five quarters, showing a positive trend in the near term.

On the other hand, there are some areas of concern for NR Agarwal Industries. The operating profit to interest ratio has been consistently falling in the last five quarters, indicating a deteriorating ability to manage interest payments. The profit before tax (PBT) has also fallen significantly in the quarter, with a negative trend in the near term. The company's efficiency has also decreased, with the lowest operating profit margin in the last five quarters.

Additionally, the company's income from non-business activities is high, which may not be a sustainable business model. The non-operating income for the quarter was at its highest in the last five quarters, which may not be sustainable in the long run.

Overall, NR Agarwal Industries has shown a mix of positive and negative financial performance in the quarter ending September 2024. Investors should carefully consider these factors before making any investment decisions.
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