Suraj Products' Q2 financial report reveals mixed performance, highest DPS in 5 years

Suraj Products, a microcap company in the steel/sponge iron/pig iron industry, has recently announced its financial results for the quarter ending September 2024. The company's stock has been given a 'Sell' call by MarketsMOJO. According to the financial report, Suraj Products has shown a flat performance in the second quarter of the fiscal year 2024-2025. However, there has been a slight improvement in the company's score, which has gone from -9 to -4 in the last three months. The company's financials for September 2024 reveal some positive aspects. Suraj Products has recorded the highest Dividend per Share (DPS) of Rs 2.00 in the last five years, indicating that the company is distributing higher dividends from its profits. The Dividend Payout Ratio (DPR) has also been the highest at 7.88% in the last five years, showing that the company is distributing a higher proportion of its profits as dividends. On the other hand, there are some areas where Suraj Products needs to improve. The Profit Before Tax less Other Income (PBT) for the quarter has fallen by -15.69% Year on Year (YoY) to Rs 7.90 crore, indicating a negative trend in the near term. The Operating Profit (PBDIT) for the quarter is also at its lowest in the last five quarters, standing at Rs 10.55 crore. The Debtors Turnover Ratio for the half-yearly period is also at its lowest in the last five periods, indicating a slowdown in the company's pace of settling its debtors. Overall, Suraj Products has shown a mixed performance in the recent quarter, with some positive and negative aspects. Investors are advised to carefully analyze the company's financials before making any investment decisions.