Trans India House Impex Reports Negative Performance in Q3 2024

Trans India House Impex, a microcap IT hardware company, recently announced its financial results for the quarter ending September 2024. According to the report released on November 12, 2024, the company has seen a negative performance in the quarter, with a score of -14 compared to -9 in the previous quarter.

One of the major factors contributing to this decline is the decrease in net sales, which have fallen by 61.95% year on year to Rs 11.29 crore. The company's sales trend in the near term is also very negative. Additionally, the debtors turnover ratio, which measures the pace of settling debts, has been at its lowest in the last five half-yearly periods at 0.72 times. This indicates a slowdown in the company's ability to collect payments from its debtors.

Furthermore, the company's profit after tax (PAT) for the nine-month period has also seen a decline of 37.29% year on year, standing at Rs 1.85 crore. The near-term trend for PAT is also negative. In terms of liquidity, the company's cash and cash equivalents have reached their lowest point in the last six half-yearly periods at Rs 0.00 crore, indicating a deterioration in short-term liquidity.

Based on these financials, MarketsMOJO has given a 'Strong Sell' call for Trans India's stock. The company's performance in the recent quarter has not been favorable, and it is important for investors to carefully consider these factors before making any investment decisions.