Apollo Pipes' Financial Results Show Mixed Performance, MarketsMOJO Gives 'Sell' Call

Apollo Pipes, a smallcap company in the plastic products industry, recently announced its financial results for the quarter ending June 2024. According to the latest report, the company's performance has remained flat in the last three months.

However, there are some positive aspects to Apollo Pipes' financials. The company has achieved a high Debtors Turnover Ratio of 18.73 times in the last five half-yearly periods. This indicates that the company has been able to settle its debtors at a faster rate.

On the other hand, there are also some areas of concern for Apollo Pipes. The company's Profit After Tax (PAT) for the half-yearly period has decreased by 39.90% compared to the same period last year. This indicates a negative trend in the company's near-term profitability.

Similarly, the company's Profit Before Tax less Other Income (PBT) for the quarter has fallen by 7.6% compared to the average PBT of the previous four quarters. This also shows a negative trend in the company's near-term profitability.

Based on these financial results, MarketsMOJO has given a 'Sell' call for Apollo Pipes' stock. Investors should carefully consider these factors before making any investment decisions.