Shivam Autotech's Q3 Financial Results Decline

Shivam Autotech, a microcap company in the auto ancillary industry, recently declared its financial results for the quarter ended September 2023. According to the analysis by MarketsMOJO, the stock call for Shivam Autotech is 'Sell'.

In the quarter ended September 2023, Shivam Autotech saw a growth of 8.45% in net sales compared to a decline of 6.45% in the previous quarter. However, the standalone net profit saw a decline of 20.40% in the same period. The operating profit (PBDIT) excluding other income also saw a decline of 6.36%, while the interest expenses increased by 2.52%.

The operating profit margin (excluding other income) has fallen from the previous quarter, indicating a decrease in the company's efficiency. The overall financial performance of Shivam Autotech for the quarter has been negative, with a score of -9 compared to -13 in the last 3 months.

The company's profit after tax (PAT) for the quarter has fallen by 37.5% compared to the average PAT of the previous four quarters. The operating profit to interest ratio is at its lowest in the last five quarters, indicating a deteriorating ability to manage interest payments. The operating profit (PBDIT) for the quarter is also at its lowest in the last five quarters, with a negative trend in the near term.

The operating profit margin for the quarter is also at its lowest in the last five quarters, showing a decline in the company's efficiency. The profit before tax (PBT) less other income is also at its lowest in the last five quarters, with a negative trend in the near term. The earnings per share (EPS) for the quarter is also at its lowest in the last five quarters, indicating a decline in profitability and lower earnings for shareholders.

Based on the financial results for the quarter ended September 2023, it is evident that Shivam Autotech is facing challenges in terms of profitability and efficiency. Investors are advised to carefully consider these factors before making any investment decisions.