Deep Polymers' Q1 2024 Financial Results Show Mixed Performance, Investors Advised to Evaluate Carefully

Deep Polymers, a microcap company in the chemicals industry, recently announced its financial results for the quarter ending March 2024. The results, declared on August 14, 2024, have received a 'Sell' call from MarketsMOJO.

The company's financial performance for the quarter has been negative, with a score of -10, although it has improved from -18 in the last three months. Despite this, there are some positive aspects to Deep Polymers' financials.

One such aspect is the company's debt-equity ratio, which is at its lowest in the last five half-yearly periods at 0.42 times. This indicates that the company has been reducing its borrowing in comparison to its equity capital.

However, there are also some areas of concern for Deep Polymers. The interest cost for the nine-month period has grown by 105.83%, reaching Rs 2.47 crore. This increase in interest cost suggests that the company has taken on more borrowings.

Additionally, the company's profit after tax (PAT) for the half-yearly period has decreased by 44.47% year on year, standing at Rs 2.71 crore. This trend in PAT is negative in the near term.

Overall, Deep Polymers' financial results for the quarter ending March 2024 have been mixed, with some positive and negative aspects. Investors should carefully consider these factors before making any investment decisions.