Super Crop Safe Reports Strong Q2 Growth Amid Long-Term Financial Concerns

Super Crop Safe, a microcap company in the Pesticides & Agrochemicals industry, has recently undergone an evaluation adjustment reflecting its current market standing. The company has reported positive financial performance in the second quarter of FY24-25, with net sales reaching Rs 22.45 crore, marking a growth of 83.57%. Additionally, the profit after tax (PAT) has shown significant growth, increasing by 260.00% to Rs 1.80 crore.
Despite these positive indicators, the company faces challenges in its long-term fundamental strength, evidenced by a compound annual growth rate (CAGR) of -2.75% in operating profits over the past five years. The ability to service debt remains a concern, highlighted by a poor EBIT to interest ratio of -0.28. Furthermore, the return on equity (ROE) stands at an average of 3.34%, indicating low profitability relative to shareholders' funds.

Promoter confidence appears to be waning, as there has been a decrease in their stake by 1.31% in the last quarter, now holding 34.82% of the company. The technical trend has shifted to a sideways movement, suggesting a lack of clear price momentum.

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