Rasandik Engineering Industries India Announces Mixed Financial Results for Q2 FY25
Rasandik Engineering Industries India, a microcap company in the auto ancillary industry, recently announced its financial results for the quarter ending September 2024. The results have been declared on November 14, 2024.
According to MarketsMOJO, a leading stock analysis platform, the stock call for Rasandik Engg. is currently ‘Strong Sell’. This is based on the company’s negative financial performance in the second quarter of the fiscal year 2024-25. In the last three months, the company’s score has fallen from -4 to -10.
However, there are some positive aspects to Rasandik Engg.’s financials for the quarter. The company has shown a strong Debtors Turnover Ratio, with a high of 14.29 times in the last five half-yearly periods. This indicates that the company has been able to settle its debtors faster. Additionally, the Profit Before Tax less Other Income (PBT) for the quarter is at its highest in the last five quarters, at Rs -3.28 crore. The near-term trend for PBT is also positive.
On the other hand, there are some areas of concern in the company’s financials. The Profit After Tax (PAT) for the quarter is at its lowest in the last five quarters, at Rs -2.82 crore. This is a significant decrease of -216.2% compared to the average PAT of the previous four quarters, which was Rs 2.43 crore. The near-term trend for PAT is very negative. Similarly, the Net Sales for the quarter have also fallen by -14.9% compared to the average of the previous four quarters. The company’s Operating Cash Flow for the year is also at its lowest in the last three years, at Rs 2.40 crore. This indicates a decline in the company’s cash revenues from business operations.
In conclusion, while Rasandik Engineering Industries India has shown some positive aspects in its financials, there are also some areas of concern. The company’s stock call is currently ‘Strong Sell’ according to MarketsMOJO, and the near-term trends for PAT and sales are negative. Investors should carefully consider these factors before making any investment decisions.
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