Sri Ramakrishna Mills Adjusts Outlook Amid Declining Sales and High Debt Concerns

Sri Ramakrishna Mills (Coimbatore), a microcap player in the Garments & Apparels industry, has recently undergone an adjustment in its evaluation. This revision reflects a shift in the technical landscape surrounding the stock, moving from a mildly bearish to a mildly bullish outlook.
Key financial metrics indicate a complex picture for the company. The stock's current price stands at 51.00, with a previous close of 52.50. Over the past year, the stock has generated a return of -37.92%, significantly underperforming the broader market, which has seen a return of 1.73%. The company's net sales for the latest quarter were reported at Rs 16.47 crore, reflecting a decline of 24.0% compared to the previous four-quarter average. Additionally, the company's profit after tax for the last six months was recorded at Rs -1.02 crore, showing a contraction of 33.70%.

The company's financial health is further characterized by a high debt-to-equity ratio of 2.56 times, indicating potential risks associated with its long-term fundamental strength. Despite these challenges, the stock has shown notable performance over longer periods, with a remarkable 653.32% return over the past five years.

For those interested in tracking the evolving financial landscape of Sri Ramakrishna Mills, further insights can be found here: Discover the Latest Mojo Score and Financial Trend Performance - SignUp in less than 2 Minutes and get FREE Premium Access.