Prakash Woollen & Synthetic Mills Adjusts Evaluation Score Amid Declining Financial Performance

Prakash Woollen & Synthetic Mills, operating in the Garments & Apparels industry, has recently undergone an adjustment in its evaluation score. This revision reflects a shift in the technical trends associated with the stock, moving from a mildly bearish stance to a mildly bullish outlook.
Key financial metrics indicate that the company has faced challenges in its performance. Over the past five years, the operating profits have shown a significant decline, with a CAGR growth of -202.01%. The company's ability to service its debt is also a concern, highlighted by a high Debt to EBITDA ratio of 19.38 times. Additionally, the average Return on Equity stands at a low 1.45%, suggesting limited profitability relative to shareholders' funds.

In terms of sales, the net sales for the first nine months have decreased by 31.53%, resulting in a negative profit after tax of Rs -8.17 crore. The stock has underperformed the broader market, with a return of -15.31% over the past year, contrasting sharply with the BSE500's positive return of 0.54%.

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