Z F Steering Gear Reports Declining Profitability Amid Efficient Debtors Collection in Q4 2024

Z F Steering Gear (India), a small-cap player in the auto ancillary sector, has recently reported its financial results for the quarter ending December 2024. The results indicate a challenging period for the company, with notable shifts in its financial metrics.
The company's Debtors Turnover Ratio has reached a peak of 5.06 times over the last five half-yearly periods, suggesting an efficient collection process. However, other key indicators reflect significant challenges. The Profit Before Tax less Other Income (PBT) has recorded a figure of Rs -2.50 crore, marking a substantial decline compared to the average PBT of the previous four quarters. Similarly, the Profit After Tax (PAT) stands at Rs -0.86 crore, which is considerably lower than the average PAT of Rs 7.85 crore from the last four quarters.

Additionally, the Earnings per Share (EPS) has hit a low of Rs -0.95, indicating a decline in profitability and lower returns for shareholders. The company's cash and cash equivalents have also reached their lowest point in the last six half-yearly periods, highlighting a deterioration in short-term liquidity.

In light of these developments, Z F Steering has experienced adjustments in its evaluation, reflecting the current financial landscape.

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