Mishra Dhatu Nigam's Q2 FY24-25 financial results show mixed performance
Mishra Dhatu Nigam, a midcap company in the steel/sponge iron/pig iron industry, recently declared its financial results for the quarter ending September 2024. The company's stock has been given a 'Sell' call by MarketsMOJO.
According to the financials, Mishra Dhatu Nigam's performance in Q2 FY24-25 has remained flat, with a score of 2 compared to -22 in the previous quarter. However, there are some positive aspects to note. The company's Profit Before Tax (PBT) has grown by 93.08% YoY, and the Profit After Tax (PAT) has grown by 69.1% YoY. The company has also generated the highest Operating Cash Flow of Rs 215.64 Cr in the last three years, indicating strong cash revenues from business operations.
On the other hand, there are some areas of concern for Mishra Dhatu Nigam. The company's Dividend Payout Ratio (DPR) is at its lowest in the last five years, at 28.78%. This means that the company is distributing a lower proportion of its profits as dividends. Additionally, the Non Operating Income for the quarter is at its highest in the last five quarters, which may not be sustainable as it comes from non-business activities.
Overall, Mishra Dhatu Nigam's financial performance for the quarter has been mixed, with some positive and negative aspects. Investors are advised to carefully consider these factors before making any investment decisions.
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