Sulabh Engineers & Services' Financial Health Declines with High Debt Levels

Total Debt to Equity - Quarterly: Highest at 1.5 in the last five quarters. High debt levels can lead to financial instability.

Sulabh Engineers & Services, a microcap company in the finance/NBFC industry, recently announced its financial results for the quarter ending March 2024. The results, declared on August 14, 2024, have received a 'Strong Sell' call from MarketsMOJO.

According to the financial data, Sulabh Engineers has shown a flat performance in the last quarter, with a score of -2 compared to 0 in the previous three months. This indicates a decline in the company's financial health.

The main areas of concern for Sulabh Engineers, as per the June 2024 financials, are its Profit Before Tax (PBT) and Cash and Cash Equivalents. The PBT for the quarter was at its lowest in the last five quarters, standing at Rs 0.20 crore. The trend for PBT in the near term is also negative. Additionally, the company's short-term liquidity is deteriorating, with its Cash and Cash Equivalents at its lowest in the last six half-yearly periods.

Another red flag for Sulabh Engineers is its Total Debt to Equity ratio, which is at its highest in the last five quarters at 1.5. This indicates that the company has a high level of debt, which can lead to financial instability.

In conclusion, Sulabh Engineers & Services has shown a decline in its financial performance in the last quarter, with a 'Strong Sell' call from MarketsMOJO. The company's low PBT, deteriorating short-term liquidity, and high debt levels are areas of concern for investors.