Usha Martin's Financials Show Positive Trends, But Inventory Turnover Ratio Slows.
Inventory Turnover Ratio- Half Yearly: Lowest at 3.41 times in the last five half yearly periods.Company's pace of selling its inventory has slowed.Usha Martin, a midcap company in the steel/sponge iron/pig iron industry, recently declared its financial results for the quarter ending September 2024. The stock call for the company by MarketsMOJO is 'Hold'.
The company's financial performance for the quarter was flat, with a score of 5 out of 10, showing improvement from the previous score of 2 in the last 3 months. However, there are some positive aspects to the company's financials based on the September 2024 results.
Usha Martin has shown a strong operating cash flow annually, with the highest amount of Rs 443.84 crore and a consistent growth in the last three years. This indicates that the company has generated higher cash revenues from its business operations.
In terms of net sales, the company has shown a positive trend with the highest amount of Rs 891.17 crore in the last five quarters. The operating profit (PBDIT) and profit before tax (PBT) have also shown a positive trend, with the highest amounts of Rs 160.77 crore and Rs 134.56 crore respectively in the last five quarters. The profit after tax (PAT) has also increased, with the highest amount of Rs 109.72 crore in the last five quarters. This shows that the company has been able to create higher earnings for its shareholders.
However, there are some areas of concern for Usha Martin based on the September 2024 financials. The debtors turnover ratio for the half-yearly period is at its lowest at 5.56 times, indicating a slower pace of settling its debtors. The inventory turnover ratio for the half-yearly period is also at its lowest at 3.41 times, showing a slower pace of selling its inventory.
Overall, Usha Martin's financial performance for the quarter ending September 2024 has been flat, but there are some positive aspects to the company's financials. Investors are advised to hold onto their stocks for now, as recommended by MarketsMOJO.
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