Hindustan Adhesives reports strong financial performance, receives 'Buy' call from MarketsMOJO

Hindustan Adhesives, a microcap company in the plastic products industry, has recently announced its financial results for the quarter ending September 2024. The company has received a 'Buy' call from MarketsMOJO, indicating positive growth potential.

In the last three months, Hindustan Adhesives has shown a significant improvement in its financial performance, with its score increasing from -8 to 8. This is a promising sign for the company's future.

One of the key factors contributing to this positive trend is the growth in Profit Before Tax less Other Income (PBT) and Profit After Tax (PAT). In the last quarter, PBT has grown by 51.5% and PAT has grown by 50.1% compared to the average of the previous four quarters. This shows a strong financial performance and a positive trend in the near term.

The company has also seen a significant increase in its Net Sales, which reached a five-quarter high of Rs 84.44 crore. This indicates a positive trend in sales and a potential for future growth.

Hindustan Adhesives has also shown a strong Operating Profit (PBDIT) in the last quarter, which is the highest in the last five quarters. This is a positive sign for the company's profitability and financial stability.

In terms of earnings for shareholders, the company has reported the highest Earnings per Share (EPS) of Rs 10.49 in the last five quarters. This shows that the company is creating higher earnings for its shareholders.

However, there are some areas that need improvement for Hindustan Adhesives. The Debtors Turnover Ratio has been decreasing each half year in the last five periods, indicating a slower pace of settling debts. Additionally, the company's interest costs have increased by 24.37% in the last quarter, which could be a result of increased borrowings.

Overall, Hindustan Adhesives has shown a positive financial performance in the last quarter, with potential for future growth. With a 'Buy' call from MarketsMOJO, investors may want to keep an eye on this microcap company in the plastic products industry.