Sinnar Bidi Udyog's Q1 Financial Results Show Mixed Performance, Receives 'Sell' Call

Sinnar Bidi Udyog, a microcap company in the cigarettes/tobacco industry, recently announced its financial results for the quarter ending March 2024. The results, declared on August 14, 2024, have received a 'Sell' call from MarketsMOJO.

According to the financial report, Sinnar Bidi Udyog's performance has remained flat in the last quarter, with a score of -2 compared to -1 in the previous three months. However, there are some positive aspects to the company's financials.

One of the key highlights is the company's inventory turnover ratio, which has been consistently growing in the last five half-yearly periods and is currently at its highest at 1.44 times. This indicates that Sinnar Bidi Udyog has been able to sell its inventory at a faster rate.

Another positive aspect is the debtors turnover ratio, which has also been consistently increasing in the last five half-yearly periods and is currently at its highest at 34.29 times. This shows that the company has been able to settle its debtors faster.

However, there are some areas of concern for Sinnar Bidi Udyog. The operating profit (PBDIT) for the quarter is at its lowest in the last five quarters, at Rs -0.17 crore. The near-term trend for operating profit is also negative. Similarly, the profit before tax (PBT) less other income is also at its lowest in the last five quarters, at Rs -0.17 crore. The near-term trend for PBT is also negative.

The earnings per share (EPS) for the quarter is at its lowest in the last five quarters, at Rs -3.50. This indicates a decline in profitability and lower earnings for shareholders.

Overall, while Sinnar Bidi Udyog has shown some positive aspects in its financials, there are also some areas of concern that investors should keep in mind.