Shiva Cement Reports Q4 Results Highlighting Cash Growth Amid Sales Decline and Rising Debt

Shiva Cement has recently reported its financial results for the quarter ending December 2024, revealing notable trends that reflect the company's current operational landscape. The evaluation changes indicate a shift in the stock's score, which has moved to a lower position compared to the previous three months.
On a positive note, the company has achieved its highest cash and cash equivalents in the last six half-yearly periods, amounting to Rs 81.72 crore, suggesting an improvement in short-term liquidity. Additionally, the Debtors Turnover Ratio has reached a peak of 5,563.57 times over the last five half-yearly periods, indicating that Shiva Cement has been effective in settling its debts more swiftly.

Conversely, the financial results also highlight challenges. The net sales for the quarter stood at Rs 57.69 crore, reflecting a significant decline compared to the average net sales of the previous four quarters. Furthermore, the Profit Before Tax less Other Income (PBT) has reached its lowest point in the last five quarters at Rs -48.77 crore, signaling a concerning trend. The company's debt-equity ratio has also risen to 6.58 times, suggesting an increased reliance on borrowing to support operations.

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