Ganesh Benzoplast's Q1 financials show mixed results, with some positive and negative trends

Ganesh Benzoplast, a smallcap logistics company, recently declared its financial results for the quarter ending June 2024. The company's stock has been given a 'Sell' call by MarketsMOJO.

According to the financial report, Ganesh Benzoplast's performance for the quarter has been flat, with a score of -4, showing a slight improvement from the previous quarter's score of -11. However, there are some positive aspects to the company's financials.

The company's operating profit margin for the quarter was the highest in the last five quarters, at 28.73%. This indicates an improvement in the company's efficiency. Additionally, the profit after tax (PAT) for the quarter was the highest in the last five quarters, at Rs 16.43 crore. This shows a positive trend in the company's near-term PAT.

Furthermore, the company's cash and cash equivalents for the half-yearly period were at their highest in the last six periods, at Rs 95.10 crore. This indicates an improvement in the company's short-term liquidity.

However, there are also some areas of concern in Ganesh Benzoplast's financials. The net sales for the quarter were at Rs 87.53 crore, which is a decrease of -26.6% from the average net sales of the previous four quarters. This shows a very negative trend in the company's near-term sales. Additionally, the net sales for the quarter were the lowest in the last five quarters, indicating a negative trend in the company's sales.

Moreover, the debtors turnover ratio for the half-yearly period was at its lowest in the last five periods, at 8.11 times. This suggests that the company's pace of settling its debtors has slowed down.

Overall, Ganesh Benzoplast's financial performance for the quarter ending June 2024 has been mixed, with some positive and negative aspects. Investors should carefully consider these factors before making any decisions regarding the company's stock.