Swiggy Faces Financial Challenges Amid Shift to Mildly Bullish Outlook

Swiggy, a midcap player in the E-Retail/E-Commerce sector, has recently undergone an adjustment in its evaluation score. This revision reflects a shift in the technical landscape, moving from a sideways trend to a mildly bullish outlook. Key financial metrics indicate that Swiggy has faced challenges in its recent performance. The company reported an operating loss, with a poor EBIT to Interest ratio of -30.85, highlighting concerns regarding its ability to manage debt. The Debtors Turnover Ratio stands at a low 0.65 times, suggesting inefficiencies in collecting receivables. Additionally, the Profit Before Tax (PBT) for the latest quarter fell to Rs -1,151.00 crore, marking a decline of 12.3% compared to the previous four-quarter average. Similarly, the Profit After Tax (PAT) decreased to Rs -1,092.00 crore, down 17.9% from the prior average. Despite these challenges, Swiggy has seen a notable increase in institutional holdings, now at 28.19%, which may provide some stability given the resources these investors possess to analyze company fundamentals. For more insights on Swiggy's financial trends, you can Discover the Latest Mojo Score and Financial Trend Performance - SignUp in less than 2 Minutes and get FREE Premium Access.