Hindustan Composites' Q2 financials show mixed results, MarketsMOJO advises 'Hold' on stock.

Nov 14 2024 06:52 PM IST
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Hindustan Composites, a microcap company in the auto ancillary industry, reported a flat performance in the second quarter of fiscal year 2024-2025. The company's operating cash flow has been the highest in the last three years, but the dividend payout ratio has decreased over the last five years. MarketsMojo advises holding the stock.

Hindustan Composites, a microcap company in the auto ancillary industry, recently announced 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, Hindustan Composites has seen a flat performance in the second quarter of the fiscal year 2024-2025. The company's score has fallen from 1 to 0 in the last three months.

However, there are some positive aspects to the company's financials. The operating cash flow for the year has been the highest in the last three years, at Rs 40.27 crore. This indicates that the company has generated higher cash revenues from its business operations.

On the other hand, the dividend payout ratio (DPR) for the year has been the lowest at 8.58%, and has fallen each year in the last five years. This suggests that the company is distributing a lower proportion of its profits as dividends.

Overall, Hindustan Composites' financial performance for the quarter has been neutral, with some positive and negative aspects. Investors are advised to hold their position on the stock, as recommended by MarketsMOJO.
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