Caprihans India's Q3 financials show mixed results
Caprihans India, a microcap company in the plastic products industry, has reported its financial results for the quarter ended September 2023. The company saw a growth in net sales and standalone net profit, but also an increase in interest expenses. The operating profit margin has improved, but there are concerns about profit and cash flow. Investors are advised to hold and monitor the company's performance.
Caprihans India, a microcap company in the plastic products industry, recently declared its financial results for the quarter ended September 2023. According to the analysis by MarketsMOJO, the stock call for Caprihans India is 'Hold'.
In the quarter ended September 2023, Caprihans India saw a 4.58% growth in net sales compared to a decline of 22.55% in the previous quarter. The standalone net profit also showed improvement with a growth of 12.00% compared to a decline of 111.32% in the previous quarter. The operating profit (PBDIT) excluding other income also saw a positive growth of 32.37% compared to a decline of 33.40% in the previous quarter. However, the interest expenses also increased by 4.15% compared to a significant increase of 74.98% in the previous quarter.
The operating profit margin (excluding other income) has also improved in the quarter ended September 2023 compared to the previous quarter. Overall, Caprihans India's financial performance for the quarter was flat, with a score of -2 compared to -7 in the last 3 months.
Looking at the positives, the net sales for the quarter have grown by 24.9% compared to the average net sales of the previous four quarters. The operating profit margin for the quarter was also the highest in the last five quarters, indicating improved efficiency.
However, there are some areas of concern for Caprihans India. The profit before tax (PBT) less other income has fallen by 165.7% compared to the average PBT of the previous four quarters. The profit after tax (PAT) has also seen a significant decline of 290.1% compared to the average PAT of the previous four quarters. Additionally, the company's operating cash flow has been consistently falling in the last three years, and the dividend per share and dividend payout ratio have also decreased in the last five years.
Overall, Caprihans India's financial performance for the quarter ended September 2023 has been mixed, with some positive and negative trends. Investors are advised to hold their positions and closely monitor the company's future financial results.
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