Sandur Manganese's Q2 FY25 Financial Results Show Mixed Performance, Investors Advised to Evaluate Carefully

Sandur Manganese & Iron Ores, a midcap mining and minerals company, has recently announced its financial results for the quarter ending September 2024. The company has received a ‘Sell’ call from MarketsMOJO, a leading financial analysis platform.

Despite the overall positive financial performance of the quarter, with a score of 8 out of 18, there are some concerning factors for Sandur Manganese. The company’s Debtors Turnover Ratio for the last five half yearly periods has been the highest at 150.65 times, indicating a faster settlement of debtors. Additionally, the company has been distributing higher dividends from its profits, with the Dividend per Share (DPS) being the highest at Rs 10.00 in the last five years. The Dividend Payout Ratio (DPR) has also been the highest at 68.08%, showing a higher proportion of profits being distributed as dividends.

However, there are some areas of concern for Sandur Manganese as well. The Net Sales for the quarter have fallen by -30.2% compared to the average of the previous four quarters, indicating a negative sales trend in the near term. Similarly, the Profit After Tax (PAT) has also fallen by -62.6% compared to the average of the previous four quarters, showing a negative trend in the near term. Moreover, the company’s Non Operating Income is 57.88% of the Profit Before Tax (PBT), indicating a high income from non-business activities, which may not be a sustainable business model.

Overall, Sandur Manganese’s financial performance for the quarter ending September 2024 has been mixed, with some positive and negative factors. Investors should carefully consider these factors before making any investment decisions.