Uni Abex Alloy Reports Flat Performance in Q3, Strong Operating Cash Flow and Increasing Dividends

Uni Abex Alloy Products, a microcap company in the castings and forgings industry, recently announced its financial results for the quarter ending September 2024. The company's stock has been given a 'Hold' call by MarketsMOJO.

According to the financial report, Uni Abex Alloy's performance for the quarter was flat, with a score of 0 compared to -7 in the previous quarter. However, there are some positive aspects to note from the company's financials.

One of the key highlights is the company's strong operating cash flow, which has been consistently growing over the past three years and was at its highest at Rs 28.03 crore annually. This indicates that the company has been able to generate higher cash revenues from its business operations.

Another positive aspect is the company's dividend per share (DPS), which has also been consistently increasing over the past five years and was at its highest at Rs 25.00 annually. This shows that the company is distributing a higher proportion of its profits to its shareholders.

However, there are also some areas of concern in Uni Abex Alloy's financials. The profit after tax (PAT) for the half-yearly period was at Rs 15.65 crore, showing a decline of -27.41% year on year. This indicates a negative trend in the near term for the company's profits.

Additionally, the company's dividend payout ratio (DPR) has been at its lowest at 13.92% in the last five years. This means that the company is distributing a lower proportion of its profits as dividends to its shareholders.

Overall, Uni Abex Alloy's financial performance for the quarter has been flat, with some positive and negative aspects to note. Investors are advised to hold their stock and keep an eye on the company's future financial reports for any changes in its performance.