Suryavanshi Spinning Mills' Financial Report Shows Decline in Profitability, Receives 'Sell' Call

Suryavanshi Spinning Mills, a microcap company in the textile industry, 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, Suryavanshi Spinning Mills has shown a flat performance in the second quarter of the fiscal year 2024-2025. The company's score has dropped from 8 to 0 in the last three months.

The report highlights some areas where the company has not performed well. The Profit After Tax (PAT) for the quarter has fallen by 20.6% to Rs 0.25 crore compared to the average PAT of the previous four quarters, which was Rs 0.32 crore. This indicates a negative trend in the near term for the company's profitability.

The Earnings per Share (EPS) for the quarter is at its lowest in the last five quarters, standing at Rs -5.07. This shows a decline in profitability and a lower return for shareholders.

The company's Cash and Cash Equivalents for the half-yearly period is at its lowest in the last six periods, standing at Rs 0.06 crore. This indicates a deterioration in short-term liquidity.

Moreover, the Debtors Turnover Ratio for the half-yearly period is also at its lowest in the last five periods, standing at 1.65 times. This suggests that the company's pace of settling its debtors has slowed down.

Based on these financials, MarketsMOJO has given a 'Sell' call for Suryavanshi Spinning Mills. Investors are advised to carefully consider these factors before making any investment decisions.