Audited Result Analysis of Shiva Cement as on 31/03/2019:
Quarterly operating income increases by 72% compared to December 2018
Yearly operating income increases by 12.81% compared to March 2018
Quarterly losses before tax decrease by 0.74% compared to December 2018
Yearly losses before tax decrease by 27.16% compared to March 2018
Yearly Freight charges decrease by 82%
Auditor has not qualified the report but mentioned about networth erosion.
Book value per share falls to 1.51 per share from 2.60 per share
Director's report is awaited and additional comments will be updated once the same is available.
Conclusion: If management does not come out with any positive commentary in coming days the stock prices will fall. Take your investment decision accordingly.
Quarterly operating income increases by 72% compared to December 2018
Yearly operating income increases by 12.81% compared to March 2018
Quarterly losses before tax decrease by 0.74% compared to December 2018
Yearly losses before tax decrease by 27.16% compared to March 2018
Yearly Freight charges decrease by 82%
Auditor has not qualified the report but mentioned about networth erosion.
Book value per share falls to 1.51 per share from 2.60 per share
Director's report is awaited and additional comments will be updated once the same is available.
Conclusion: If management does not come out with any positive commentary in coming days the stock prices will fall. Take your investment decision accordingly.
