Sheshadri Industries' Q1 Results Show Flat Performance and Concerning Financial Indicators
Sheshadri Industries, a microcap textile company, recently announced its financial results for the quarter ending March 2024. The company's performance for the quarter has been flat, with a score of -2, showing a slight improvement from the previous quarter's score of -12.
One of the major factors contributing to this flat performance is the company's Profit Before Tax (PBT), which is at its lowest in the last five quarters, standing at Rs -2.14 crore. This indicates a negative trend in the near term for PBT.
Another concerning aspect of Sheshadri Industries' financials is its Non Operating Income, which is at a staggering 1,170% of its PBT. This means that the company's income from non-business activities is significantly high, which is not a sustainable business model.
As a result of these financial indicators, MarketsMOJO has given a 'Strong Sell' call for Sheshadri Industries' stock. This suggests that investors should exercise caution while considering this company for investment.
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