Shri Keshav Cements & Infra Reports Positive Financial Performance for Q1 2024

Shri Keshav Cements & Infra, a microcap company in the cement industry, has recently declared its financial results for the quarter ending March 2024. According to the latest report, the company has seen a positive performance in terms of its financials for the quarter.

The company's score has improved from 24 to 6 in the last three months, indicating a positive trend. One of the key factors contributing to this improvement is the company's debt-equity ratio, which has been consistently decreasing over the last five half-yearly periods. This shows that the company has been reducing its borrowing and relying more on equity capital.

Another positive aspect of Shri Keshav's financials is its cash and cash equivalents, which have been consistently increasing over the last six half-yearly periods. This indicates that the company's short-term liquidity is improving.

However, there are some areas where Shri Keshav's financials have not been performing well. The company's profit before tax (PBT) has fallen by 56.13% year on year, and the profit after tax (PAT) has also decreased by 33.3% year on year. This negative trend in the near term is a cause for concern.

Additionally, the company's operating profit margin has hit a five-quarter low, indicating a decline in efficiency. Overall, while Shri Keshav has shown some positive aspects in its financials, there are also some areas that need improvement. MarketsMOJO has given a 'Sell' call for the company's stock based on these financial results.