Shah Alloys Reports December 2024 Results Highlighting Strong Debtors Turnover Amid Sales Decline

Shah Alloys, a microcap player in the Steel/Sponge Iron/Pig Iron industry, has recently reported its financial results for the quarter ending December 2024. The results indicate a notable shift in the company's evaluation, with the score adjusting to -16 from -23 over the past three months.
The financial data reveals some positive aspects for Shah Alloys. The Debtors Turnover Ratio has reached a high of 231.24 times, marking the best performance in this metric over the last five half-yearly periods. This suggests that the company has been effective in settling its debts more swiftly.

Conversely, the financial results also highlight significant challenges. Net sales for the quarter stood at Rs 51.90 crore, reflecting a substantial decline of 64.13% year on year. Additionally, the Profit After Tax (PAT) for the nine-month period was recorded at Rs -15.23 crore, indicating a year-on-year decrease of 51.17%. Furthermore, cash and cash equivalents have dropped to Rs 0.22 crore, the lowest in the last six half-yearly periods, pointing to a decline in short-term liquidity.

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