Nagarjuna Fertilizers & Chemicals Reports Negative Financial Results for Q4 2023

Feb 07 2024 03:45 PM IST
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Nagarjuna Fertilizers & Chemicals, a microcap company in the fertilizer industry, reported a negative financial performance for the quarter ending December 2023. The company's stock has been given a 'Sell' call by MarketsMojo. While its Debtors Turnover Ratio is strong, there are concerns about its Profit Before Tax and Debt-Equity Ratio.

Nagarjuna Fertilizers & Chemicals, a microcap company in the fertilizer industry, recently announced its financial results for the quarter ending December 2023. The company's stock has been given a 'Sell' call by MarketsMOJO.

According to the financial report, Nagarjuna Fert. has seen a negative performance in the quarter, with a score of -14 compared to -10 in the previous quarter. However, there are some positive aspects to the company's financials.

One of the strengths of Nagarjuna Fert. is its Debtors Turnover Ratio, which has been the highest at 154.30 times in the last five half yearly periods. This indicates that the company has been able to settle its debtors at a faster rate.

On the other hand, there are some areas of concern for the company. The Profit Before Tax less Other Income (PBT) for the quarter has fallen to Rs -155.48 crore, a decrease of -1428.81% compared to the same period last year. The Profit After Tax (PAT) has also seen a significant decline of -7295.1% year on year. Additionally, the Net Sales for the half yearly period has decreased by -23.63% compared to the previous year.

Another worrying factor is the Debt-Equity Ratio, which has been the highest at -1.00 times in the last five half yearly periods. This indicates that the company is relying heavily on borrowing to fund its operations, which may lead to a stressed liquidity situation.

Overall, Nagarjuna Fertilizers & Chemicals has seen a negative financial performance in the quarter ending December 2023. Investors are advised to carefully consider these factors before making any investment decisions.
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