Prataap Snacks Receives 'Strong Sell' Rating After Decline in Financial Performance
Prataap Snacks, a smallcap FMCG company, has received a 'Strong Sell' rating from MarketsMojo for its declining financial performance in the last quarter. The company's PBT and PAT have decreased significantly, while its operating profit and EPS have reached their lowest points in the last five quarters. Investors should carefully consider these factors before making any investment decisions.
Prataap Snacks, a smallcap FMCG company, has recently declared its financial results for the quarter ended June 2024. The company has received a 'Strong Sell' rating from MarketsMOJO, indicating a negative outlook for its stock.
According to the financial report, Prataap Snacks has seen a decline in its financial performance in the last quarter. The company's score has fallen from 3 to -14 in the last 3 months, indicating a significant decrease in its overall financial health.
One of the major factors contributing to this decline is the Profit Before Tax less Other Income (PBT) which has fallen by -34.69% Year on Year (YoY) to Rs 10.62 crore. The company's Profit After Tax (PAT) has also decreased by -33.4% YoY to Rs 9.44 crore. This trend is expected to continue in the near term, as indicated by the negative trend in PBT and PAT.
Moreover, Prataap Snacks' Operating Profit (PBDIT) has reached its lowest point in the last five quarters at Rs 30.03 crore. The company's Operating Profit Margin has also decreased to its lowest at 7.13%, indicating a decline in efficiency.
In addition, the company's Earnings per Share (EPS) has also decreased to its lowest at Rs 3.95 in the last five quarters. This shows a decline in profitability and lower earnings for shareholders.
Overall, Prataap Snacks' financial performance for the quarter ended June 2024 has been negative, as indicated by the 'Strong Sell' rating from MarketsMOJO. Investors should carefully consider these factors before making any investment decisions.
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