Uniroyal Marine Exports Reports Negative Performance in Recent Quarter

Feb 12 2024 09:05 PM IST
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Uniroyal Marine Exports, a microcap company in the aquaculture industry, reported a negative performance in the quarter ending December 2023. The company's net sales have declined by -35.44% year on year and its cash and cash equivalents have reached a low of Rs 0.40 crore, indicating a deteriorating short-term liquidity. MarketsMojo has given a 'Sell' call for the company's stock.
Uniroyal Marine Exports, a microcap company in the aquaculture industry, recently announced its financial results for the quarter ending December 2023. According to the report released on February 12, 2024, the company has seen a negative performance in this quarter.

The financial score for Uniroyal Marine has improved from -9 to -7 in the last three months. However, the company's net sales for the half-yearly period have shown a decline of -35.44% year on year, standing at Rs 8.67 crore. This indicates a negative trend in the near term for the company's sales.

Another concerning aspect of Uniroyal Marine's financials is its cash and cash equivalents, which have reached a low of Rs 0.40 crore in the last six half-yearly periods. This suggests a deteriorating short-term liquidity for the company.

Based on these financial results, MarketsMOJO has given a 'Sell' call for Uniroyal Marine's stock. The company's performance in the aquaculture industry has not been favorable in the recent quarter, and investors may want to consider this before making any investment decisions.
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