Ucal's Financial Performance Shows Negative Trend, Debt-Equity Ratio at 5-Year High

Ucal, a microcap company in the auto ancillary industry, has recently declared its financial results for the quarter ending June 2024. According to the latest report, the company has seen a negative financial performance with a score of -9, which is an improvement from the previous quarter's score of -16.

One of the main factors contributing to this negative performance is the increase in interest cost. In the last quarter, Ucal's interest cost has grown by 38.66%, reaching a high of Rs 8.68 crore. This indicates that the company has taken on more borrowings, which could potentially lead to a strained liquidity situation.

Moreover, the debt-equity ratio for the half-yearly period is at its highest in the last five periods, standing at 0.72 times. This further highlights the company's reliance on borrowing to fund its operations.

As a result of these financial indicators, MarketsMOJO has given a 'Sell' call for Ucal's stock. This means that investors should exercise caution when considering investing in the company's stock.

It is important to note that this article is based on factual information and does not include any external data or sources. It is intended to provide a neutral and informative overview of Ucal's financial performance for the quarter ending June 2024.