Avoid new sme now All are bad except lexus. Also check performance of all sme today Every sme today is down between 5 to 10 pc. This one is clear avoid
Pros: Safe D/E ratio Cons: Below-PAR ROE and ROCE Negative cash-flow Inconsistent sales and net Raw material cost is greater than sales (for few fiscal) Too many allotments (dilutions) in last 6 months.
The price range of 10 itself suggests the penny nature of this stock. It''s a clear avoid.
Key financials (Rs.in Crs.) Year end Mar 17 Mar 16 Mar 15 Mar 14 Net sales 5.92 2.61 2.88 - Operating profit 0.31 0.15 0.10 0.02 Net profit 0.12 0.03 0.03 0.01 Equity cap pd 2.50 1.30 1.30 0.10
Capital History Year Equity Capital Remarks 201706 3.15 further allotment 201705 3.1 further allotment 201704 2.6 further allotment 201702 2.5 Sub Division of the Face Value 201609 2.3 further allotment 201609 2.5 further allotment 201608 1.7 further allotment 201608 1.9 further allotment 201608 2.1 further allotment 201607 1.3 further allotment 201607 1.5 further allotment 201503 1.2991 further allotment 201412 1.02045 further allotment 201411 0.72545 further allotment 201410 0.32545 further allotment 201405 0.17715 further allotment 201401 0.1 Subscriber to MOA