Tata Metaliks Reports Positive Growth in Q3
Tata Metaliks, a smallcap company in the iron and steel industry, has recently declared its financial results for the quarter ended September 2023. The company has shown a positive growth in various key areas, making it a strong buy according to MarketsMOJO.
In the quarter ended September 2023, Tata Metaliks saw a 16.03% growth in net sales compared to the previous quarter, which had a negative growth of -29.76%. The standalone net profit also showed a significant improvement, with a growth of 870.55% compared to the previous quarter's -91.81%. The operating profit (PBDIT) excluding other income also saw a growth of 156.42%, indicating the company's improved efficiency.
The company's interest costs have also decreased by -13.57% in the quarter ended September 2023, compared to a growth of 28.88% in the previous quarter. This shows that the company is managing its borrowings effectively.
Tata Metaliks has also shown a positive trend in its profit before tax (PBT) and profit after tax (PAT) in the last three months. The PBT has grown by 280.05% year on year, while the PAT has grown by 209.0% year on year. The company's operating profit margin has also improved, reaching its highest at 11.94% in the last five quarters.
However, there are some areas where Tata Metaliks needs to focus on. The net sales have fallen by -13.94% year on year, and the company's operating cash flow has been the lowest in the last three years. This indicates a decline in the company's cash revenues from business operations.
Despite these challenges, Tata Metaliks has a strong dividend payout ratio of 19.60%, which is the highest in the last five years. This shows that the company is distributing a higher proportion of its profits as dividends to its shareholders.
Overall, Tata Metaliks has shown a positive financial performance in the quarter ended September 2023, with a strong potential for growth in the future. Investors can consider this smallcap company as a strong buy, based on its current financials.
{{stockdata.stock.price.value}} {{stockdata.stock.price_difference.value}} ({{stockdata.stock.price_percentage.value}}%)
{{stockdata.stock.date.value}} | BSE+NSE Vol: {{stockdata.index_name}} Vol: {{stockdata.stock.bse_nse_vol.value}} ({{stockdata.stock.bse_nse_vol_per.value}}%)
{{text.big_txt}}
{{text .small_txt}}
{{dashverdictresult.dashboard.stock_details.short_name}}
SEND BY EMAIL
Register now to see if the stock’s characteristics match your investment style
Subscribe now to see if the stock's characteristics match your investment style
{{dashverdictresult.dashboard.risk_return_voltality.risk_type}}, {{dashverdictresult.dashboard.risk_return_voltality.return_type}}
| {{ value[0] }} | {{ value[1] }} | {{ value[2] }} | {{ value[3] }} |
| {{ value[0] }} | {{ value[1] }} | {{ value[2] }} | {{ value[3] }} |
Create your portfolio and know how much should this stock be in your portfolio
Subscribe now to know how much you should hold in this stock
We have found 2 better stocks that you can consider
{{dashverdictresult.dashboard.return_text}}
Investors Returns (3 years) –
| Period | 6M | 1Y | 2Y | 3Y |
| {{ keyd.val }} | ||||
| {{ keyd.val }} |
Quality: {{dashverdictresult.dashboard.dotsummary.q_txt}}
Valuation: {{dashverdictresult.dashboard.dotsummary.v_txt}}
Quarterly Financial Trend: {{dashverdictresult.dashboard.dotsummary.f_txt}}
Technicals: {{dashverdictresult.dashboard.dotsummary.tech_txt}}
Stock Info:
BSE – {{dashverdictresult.dashboard.stock_details.scripcode}}/ NSE – {{dashverdictresult.dashboard.stock_details.symbol}}
Market Cap – {{dashverdictresult.dashboard.priceinfo.mcap_class}} (Rs. {{dashverdictresult.dashboard.priceinfo.mcap| number :0}} cr)
Sector – {{dashverdictresult.dashboard.stock_details.ind_name}}
52 w H/L (Rs.) – {{dashverdictresult.dashboard.priceinfo.wk_high52}}/{{dashverdictresult.dashboard.priceinfo.wk_low52}}
Average vol (6M) – {{dashverdictresult.dashboard.priceinfo.vol}}
Related Stock Links
- {{stockdata.stock.stock_name.value}} Analysis
- {{stockdata.stock.stock_name.value}} Technicals
- {{stockdata.stock.stock_name.value}} Quality
- {{stockdata.stock.stock_name.value}} Valuation
- {{stockdata.stock.stock_name.value}} Financial Trend
- {{stockdata.stock.stock_name.value}} Return Analysis
- {{stockdata.stock.stock_name.value}} Price Analysis
- {{stockdata.stock.stock_name.value}} Quarterly Result Analysis
- {{stockdata.stock.stock_name.value}} Half-Yearly Result Analysis
- {{stockdata.stock.stock_name.value}} Nine Monthly Result Analysis
- {{stockdata.stock.stock_name.value}} Annual Results
- {{stockdata.stock.stock_name.value}} Balance Sheet
- {{stockdata.stock.stock_name.value}} Profit & Loss
- {{stockdata.stock.stock_name.value}} Cash Flow
- {{stockdata.stock.stock_name.value}} News
- {{stockdata.stock.stock_name.value}} Announcements
- {{stockdata.stock.stock_name.value}} Share Holding
- {{stockdata.stock.stock_name.value}} Peer Comparison
