Hindustan Tin Works Reports Decline in Financial Performance, Receives 'Sell' Call from MarketsMOJO

Hindustan Tin Works, a leading packaging company in India, has recently announced its financial results for the quarter ending September 2024. The company, which falls under the microcap category, has received a 'Sell' call from MarketsMOJO.

According to the financial report, Hindustan Tin Works has seen a negative performance in the second quarter of the fiscal year 2024-2025. The company's score has fallen from -13 to -17 in the last three months, indicating a decline in its financial health.

The profit before tax (PBT) of the company has also decreased by 30.34% year on year, standing at Rs 4.57 crore. The trend for PBT in the near term is also negative. Similarly, the profit after tax (PAT) has fallen by 35.9% year on year, with a near term negative trend.

The operating cash flow of Hindustan Tin Works has also hit a low of Rs 18.59 crore in the last three years, indicating a decline in cash revenues from business operations. The net sales for the quarter have also decreased by 5.68% year on year, with a negative trend in the near term.

In terms of liquidity, the company's cash and cash equivalents have hit a low of Rs 0.81 crore in the last six half-yearly periods. Additionally, the debtors turnover ratio has also decreased to 3.39 times in the last five half-yearly periods, indicating a slower pace in settling debts.

Overall, the financial results for the quarter ending September 2024 show a negative trend for Hindustan Tin Works. Investors are advised to take note of the company's declining financial performance and the 'Sell' call from MarketsMOJO before making any investment decisions.