Nakoda Group's Financial Results Show Declining Performance, MarketsMOJO Issues 'Sell' Call

Nakoda Group of Industries, a microcap FMCG company, recently declared its financial results for the quarter ending December 2023. According to the latest report, the company's performance has remained flat with a score of -4, showing a slight improvement from the previous quarter's score of -7.

However, there are some concerning factors in the financials of Nakoda Group. The company's operating profit (PBDIT) for the quarter was at its lowest in the last five quarters, standing at just Rs 0.07 crore. This indicates a negative trend in the near term for the company's operating profit. Similarly, the operating profit margin for the quarter was also at its lowest in the last five quarters, showing a decline in the company's efficiency.

Moreover, the profit before tax (PBT) less other income for the quarter was at its lowest in the last five quarters, standing at Rs -0.72 crore. This also indicates a negative trend in the near term for the company's PBT. Additionally, the earnings per share (EPS) for the quarter were at its lowest in the last five quarters, standing at Rs -0.49. This shows a declining profitability for the company and lower earnings for its shareholders.

Based on these financial results, MarketsMOJO has given a 'Sell' call for Nakoda Group's stock. Investors should carefully consider these factors before making any investment decisions related to the company.