Kaira Can Company Announces Q1 Financial Results, Dividend Payout Remains High.

Kaira Can Company, a microcap packaging company, has recently announced its financial results for the quarter ending March 2024. The company's stock has been given a 'Sell' call by MarketsMOJO.

According to the financial report, Kaira Can's performance for the quarter has remained flat, with a slight improvement in its score from -8 to -5 in the last three months. However, there are some positive aspects to the company's financials.

One of the highlights is the company's Dividend per Share (DPS) which has been consistently high at Rs 12.00 in the last five years. This indicates that Kaira Can is distributing a higher dividend from its profits, which is a good sign for investors. Additionally, the Dividend Payout Ratio (DPR) has also been consistently high at 29.38% in the last five years, showing that the company is distributing a higher proportion of its profits as dividends.

On the other hand, the company's Profit After Tax (PAT) for the half-yearly period has shown a decline of -46.76% Year on Year (YoY) at Rs 1.56 crore. This indicates a negative trend in the near term for the company's profits.

Overall, Kaira Can's financial performance for the quarter ending March 2024 has been average, with some positive and negative aspects. Investors should carefully consider these factors before making any investment decisions.