Alphageo (India) Reports Positive Financial Performance in Q4 2023, MarketsMOJO Recommends Hold

Alphageo (India), a microcap company in the oil exploration/refineries industry, has recently announced its financial results for the quarter ending December 2023. According to the report released on February 13, 2024, the company has shown positive performance in this quarter.

MarketsMOJO, a leading financial analysis platform, has given a 'Hold' call for Alphageo (India) based on its financial performance. The company's score has improved from -27 to 10 in the last 3 months, indicating a positive trend.

The company's net sales for the quarter stood at Rs 39.24 crore, which is a significant growth of 714.5% compared to the average net sales of the previous four quarters. This shows a very positive sales trend in the near term. Similarly, the profit after tax (PAT) for the quarter has also shown a growth of 536.1% compared to the average PAT of the previous four quarters.

Alphageo (India) has also achieved its highest net sales and operating profit (PBDIT) in the last five quarters, indicating a positive trend in these areas. The company's operating profit margin has also improved, showing an increase in efficiency.

However, there are some areas where Alphageo (India) needs to work on. The inventory turnover ratio for the half-yearly period is at its lowest in the last five periods, indicating a slowdown in the pace of selling inventory. The company's non-operating income is also high, which is not a sustainable business model. Additionally, the debtors turnover ratio for the half-yearly period has also slowed down, indicating a delay in settling debts.

Overall, Alphageo (India) has shown positive financial performance in the quarter ending December 2023. However, the company needs to address the areas of concern to maintain a sustainable business model. Investors are advised to hold their stocks in Alphageo (India) for now, as per MarketsMOJO's recommendation.