Amines & Plasticizers Reports Positive Q2 Results, Receives 'Hold' Call from MarketsMOJO

Amines & Plasticizers, a smallcap chemical company, has recently announced its financial results for the quarter ending September 2024. The company has received a 'Hold' call from MarketsMOJO, a leading financial analysis platform.

According to the financial report, Amines & Plasticizers has shown a positive performance in the second quarter of the fiscal year 2024-2025. In the last three months, the company's score has improved from 4 to 7.

One of the key factors contributing to this positive performance is the company's strong operating cash flow. In the last three years, Amines & Plasticizers has consistently generated the highest annual operating cash flow of Rs 46.85 crore, indicating a steady growth in its business operations.

Another positive aspect is the company's ability to manage its interest payments, as seen in its quarterly operating profit to interest ratio of 6.84 times, which is the highest in the last five quarters.

Furthermore, Amines & Plasticizers has also been successful in reducing its debt-to-equity ratio, which is currently at its lowest at 0.34 times. This shows that the company has been gradually decreasing its borrowing in comparison to its equity capital.

In terms of profitability, the company's profit after tax (PAT) for the nine-month period ending September 2024 stands at Rs 31.38 crore, showing a growth of 22.77% year on year. This indicates a positive trend in the near term for Amines & Plasticizers.

Overall, Amines & Plasticizers has shown a strong financial performance in the recent quarter, with positive trends in key financial indicators. With a 'Hold' call from MarketsMOJO, investors may want to keep an eye on this smallcap chemical company.