Olympic Cards Faces Financial Struggles Amid High Debt and Declining Sales

Olympic Cards, a microcap company in the Printing & Publishing industry, has recently undergone an evaluation adjustment reflecting its current financial standing. The company has reported flat financial performance for the third quarter of FY24-25, with net sales for the first nine months at Rs 6.53 crore, indicating a decline of 27.85%. Additionally, the company is facing challenges with a high debt burden, as evidenced by a debt-equity ratio of 7.53 times and a debt to EBITDA ratio of 13.16 times, which suggests a limited capacity to service its obligations.
The financial metrics reveal a concerning trend, with cash and cash equivalents at a low of Rs 0.24 crore and a debtor turnover ratio of just 2.06 times. Furthermore, the company has reported losses, leading to a negative return on equity. Over the past year, Olympic Cards has generated a return of -12.38%, significantly underperforming the broader market, which saw returns of 2.22%.

Despite these challenges, the stock is currently positioned in a mildly bullish technical range, with improvements noted in its technical indicators.

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