Mirza International's Q4 2023 Financial Results Show Significant Decline, MarketsMOJO Calls for 'Sell' Rating

Mirza International, a microcap company in the consumer durables industry, recently announced its financial results for the quarter ending December 2023. According to the data released on February 3, 2024, the company's performance has been deemed as very negative by MarketsMOJO, with a stock call of 'Sell'.

The company's score has fallen from -18 to -27 in the last three months, indicating a decline in its financial performance. The most significant areas of concern for Mirza International based on its December 2023 financials are its profit after tax (PAT), net sales, profit before tax (PBT), interest, and cash and cash equivalents.

The half-yearly PAT has seen a drastic decline of -87.36% year on year, and the near-term trend for PAT is also very negative. Similarly, the quarterly net sales have fallen by -47.7% compared to the average net sales of the previous four quarters. The near-term trend for sales is also very negative.

The PBT for the quarter has fallen by -78.4% compared to the average PBT of the previous four quarters, and the near-term trend for PBT is also very negative. The interest cost has increased by 66.95% quarter on quarter, indicating a rise in borrowings. Additionally, the company's cash and cash equivalents are at their lowest in the last six half-yearly periods, indicating a deteriorating short-term liquidity.

Overall, Mirza International's financial performance for the quarter ending December 2023 has been deemed as very negative, with declining trends in key areas. Investors are advised to exercise caution and consider the stock call of 'Sell' by MarketsMOJO before making any investment decisions.