XT Global Infotech Experiences Revision in Stock Evaluation Amidst Ongoing Challenges

XT Global Infotech, a microcap player in the IT software industry, has recently experienced a revision in its stock evaluation by MarketsMOJO. The adjustment reflects ongoing challenges faced by the company, particularly in terms of long-term growth prospects. Over the past five years, the company's operating profit has shown a decline, with an annual growth rate of -9.88%.
The company has reported negative results for three consecutive quarters, with a profit after tax of Rs 4.88 crore, reflecting a decrease of 21.16%. Additionally, the return on capital employed (ROCE) has reached a low of 8.21%, and net sales for the latest quarter were recorded at Rs 48.74 crore, marking a concerning trend.

Despite its microcap status, domestic mutual funds hold a mere 0.01% stake in XT Global Infotech, which may indicate a lack of confidence in the company's current valuation or business model. The stock has underperformed the broader market, generating negative returns of -0.54% over the past year, while the BSE 500 index has seen returns of 16.86%.

In light of these factors, XT Global Infotech has been added to MarketsMOJO's list, signaling a need for investors to closely monitor its performance and market position.