Mitsu Chem Plast's Q1 FY25 Financial Report Shows Decline, Receives 'Sell' Call from MarketsMOJO

Mitsu Chem Plast, a microcap company in the plastic products industry, has recently announced its financial results for the quarter ending June 2024. The company has received a ‘Sell’ call from MarketsMOJO, indicating a negative outlook for its stock.

According to the financial report, Mitsu Chem Plast has seen a decline in its overall performance, with a score of -6 compared to 0 in the previous quarter. This is a cause for concern for investors and stakeholders.

One of the major factors contributing to this decline is the company’s Profit After Tax (PAT), which has fallen by 19.3% year on year, standing at Rs 1.09 crore. The near-term trend for PAT is also negative, indicating a potential decrease in profitability.

The company’s Operating Profit (PBDIT) has also taken a hit, with the lowest figure of Rs 4.80 crore in the last five quarters. This is a significant decrease and the near-term trend for Operating Profit is also negative.

Mitsu Chem Plast’s Operating Profit Margin has also reached its lowest point in the last five quarters, standing at 5.99%. This indicates a decline in the company’s efficiency and could be a cause for concern for investors.

Furthermore, the company’s Profit Before Tax less Other Income (PBT) has also hit its lowest point in the last five quarters, standing at Rs 1.24 crore. This is another indication of the company’s declining profitability.

The Earnings per Share (EPS) for Mitsu Chem Plast has also decreased, standing at Rs 0.80 in the last five quarters. This shows that the company has created lower earnings for its shareholders, which could be a red flag for potential investors.

Overall, Mitsu Chem Plast’s financial performance for the quarter ending June 2024 has been negative, with a ‘Sell’ call from MarketsMOJO. Investors and stakeholders should closely monitor the company’s future financial reports to make informed decisions.