Maral Overseas Faces Financial Struggles Amid Shift to Bearish Trend

Maral Overseas, a microcap company in the Garments & Apparels industry, has recently undergone an adjustment in its evaluation. This revision reflects a shift in the technical trend, moving from a sideways position to a mildly bearish stance.
Key financial metrics indicate that the company has faced challenges in maintaining robust performance. Over the past five years, net sales have grown at an annual rate of 9.15%, while operating profit has seen a slower growth rate of 5.68%. The company's debt-to-equity ratio stands at an average of 2.70 times, highlighting a significant reliance on debt financing. Additionally, the latest quarter's results show flat performance, with a notable increase in the debt-equity ratio reaching 4.13 times, and cash and cash equivalents at a low of Rs 4.72 crore.

Despite a return of 5.52% over the past year, the company has experienced a substantial decline in profits, with a decrease of 147.7%. Furthermore, 48.03% of promoter shares are pledged, which could exert additional pressure on stock prices in a declining market.

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