North Eastern Carrying Corporation Faces Mixed Financial Performance Amidst Recent Growth in Profitability

North Eastern Carrying Corporation, a microcap player in the logistics industry, has recently undergone an adjustment in evaluation, reflecting the company's current financial landscape. The latest assessment highlights a mixed performance in key financial metrics. Over the past five years, the company has experienced a compound annual growth rate (CAGR) of -2.19% in net sales, indicating challenges in long-term revenue growth. Additionally, the company's debt servicing capacity is under scrutiny, as evidenced by a debt-to-EBITDA ratio of 5.14 times, which raises concerns about its financial stability.
Despite these challenges, North Eastern Carrying Corporation has reported positive results for the last four consecutive quarters, with a profit after tax (PAT) of Rs 4.81 crore, reflecting a growth rate of 31.06%. The return on capital employed (ROCE) has reached a notable 7.75%, and the debt-equity ratio stands at a low 0.44 times, suggesting a manageable level of debt.

The technical trend for the stock has been sideways, indicating a lack of clear price momentum. Overall, while the stock has generated a return of 2.21% over the past year, its profitability has seen a significant rise of 102.4%.

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