CG-VAK Software Reports Negative Performance in Q2, Receives 'Strong Sell' Rating

CG-VAK Software & Exports, a microcap IT software company, recently announced its financial results for the quarter ending September 2024. The company's stock has been given a 'Strong Sell' call by MarketsMOJO.

According to the financial report, CG-VAK Software has seen a negative performance in the second quarter of the fiscal year 2024-2025. However, there has been a slight improvement in the company's score, which has gone from -13 to -8 in the last three months.

The company's profit after tax (PAT) for the half-yearly period has decreased by 26.42% year on year, standing at Rs 4.15 crore. The trend for near-term PAT is also negative. Additionally, the company's cash and cash equivalents have reached their lowest point in the last six half-yearly periods, at Rs 8.90 crore. This indicates a deterioration in short-term liquidity.

Furthermore, the debtors turnover ratio for the half-yearly period is at its lowest in the last five periods, standing at 5.53 times. This suggests that the company's pace of settling its debtors has slowed down.

Overall, based on the financial results, it can be concluded that CG-VAK Software has not performed well in the quarter ending September 2024. Investors should take note of the 'Strong Sell' call given by MarketsMOJO and carefully consider their investment decisions.