Chamanlal Setia Exports' Q2 FY25 financials show mixed results, MarketsMOJO advises 'Hold' on stock

Chamanlal Setia Exports, a smallcap company in the rice and rice processing industry, recently declared its financial results for the quarter ending September 2024. The company’s stock has been given a ‘Hold’ call by MarketsMOJO.

According to the financial report, Chamanlal Setia’s performance for the quarter was flat, with a score of 4 compared to -3 in the previous quarter. However, there are some positive aspects to the company’s financials. The net sales for the half-yearly period have grown by 28.01% year on year, indicating a positive sales trend in the near term.

On the other hand, there are some areas that need improvement. The debtors turnover ratio for the half-yearly period is at its lowest at 6.29 times and has fallen in the last five half-yearly periods. This suggests that the company’s pace of settling its debtors has slowed down.

Additionally, the profit after tax for the nine-month period has shown a negative growth of -20.64% year on year, indicating a negative trend in the near term.

Overall, Chamanlal Setia’s financial performance for the quarter has been neutral, with some positive and negative aspects. Investors are advised to hold their position in the company’s stock, as recommended by MarketsMOJO.