Haria Apparels Faces Quality Grade Downgrade Amid Mixed Financial Performance Indicators

Haria Apparels, a microcap company in the Garments & Apparels industry, has recently undergone an adjustment in its evaluation, reflecting changes in its quality grade. The quality grade has shifted to below average, indicating a reassessment of the company's financial health and operational metrics.
Key financial indicators reveal a sales growth rate of 39.70% over the past five years, while EBIT growth has been modest at 3.57%. The company maintains a negative EBIT to interest ratio, suggesting challenges in covering interest expenses. Notably, Haria Apparels has a debt to EBITDA ratio indicating negative net debt, with a net debt to equity ratio of 0.97. The sales to capital employed ratio stands at 0.42, and the tax ratio is reported at 0.00%.

In terms of returns, Haria Apparels has outperformed the broader market, with a one-year return of 20.11% compared to the BSE500's 8.59%. However, the company has also reported negative ROCE at -23.84%, which may raise concerns regarding its long-term financial stability.

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