Shiva Texyarn's Q1 Financial Results Show Negative Performance and Concerning Trends

Shiva Texyarn, a microcap textile company, recently declared its financial results for the quarter ending March 2024. The company's stock has been given a 'Sell' call by MarketsMOJO.

According to the financial report, Shiva Texyarn has seen a negative performance in the quarter, with a score of -7, which has improved from -10 in the last three months. However, there are some positive aspects to the company's financials.

The Profit After Tax (PAT) for the quarter was Rs 5.13 crore, showing a growth of 313.5% compared to the average PAT of the previous four quarters, which was Rs -2.40 crore. This indicates a very positive trend in the near term for the company's PAT.

On the other hand, the Net Sales for the quarter was Rs 70.25 crore, which has fallen by -22.5% compared to the average Net Sales of the previous four quarters, which was Rs 90.62 crore. This shows a very negative trend in the near term for the company's sales.

Another concerning aspect is the Operating Profit to Interest ratio, which is at its lowest in the last five quarters at -0.13 times. This indicates a deteriorating ability of the company to manage its interest payments.

The company's Net Sales and Operating Profit (PBDIT) have also been at their lowest in the last five quarters, showing a negative trend in the near term. Additionally, the Operating Profit Margin has also decreased to -0.46%, indicating a decline in the company's efficiency.

Overall, Shiva Texyarn's financial performance for the quarter ending March 2024 has been negative, with some concerning trends in its sales and profitability. Investors should carefully consider these factors before making any investment decisions.