Elegant Marbles Faces Financial Struggles Amidst Significant Stock Volatility and Declining Metrics
Elegant Marbles and Grani Industries has faced notable volatility, reaching a new 52-week low. The company reported significant declines in key financial metrics for the quarter ending December 2024, including a drop in profit and net sales. Its long-term fundamentals raise concerns about financial stability.
Elegant Marbles and Grani Industries has experienced significant volatility, hitting a new 52-week low of Rs. 210 today. The stock has underperformed its sector by 1.12% and has seen a consecutive decline over the past three days, resulting in a total drop of 4.04%. Currently, it is trading below its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, indicating a bearish trend.In terms of financial performance, the company reported a substantial decline in key metrics for the quarter ending December 2024. Profit Before Tax (PBT) fell by 101.8% to Rs. -0.02 crore, while Profit After Tax (PAT) decreased by 56.1% to Rs. 0.57 crore. Net sales also reached a low of Rs. 5.08 crore, reflecting ongoing challenges.
Over the past year, Elegant Marbles has seen a decline of 18.02%, significantly underperforming the broader market, which recorded a slight gain of 0.67%. The company's long-term fundamentals appear weak, with an average Return on Equity (ROE) of 2.40% and a poor EBIT to Interest ratio of 1.63, raising concerns about its financial stability.
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