India Gelatine & Chemicals Reports Negative Financial Performance in Q3 2024

India Gelatine & Chemicals, a microcap company in the chemicals industry, recently announced its financial results for the quarter ending September 2024. The company's stock has been given a 'Sell' call by MarketsMOJO.

According to the financials, India Gelatine has seen a very negative performance in the quarter, with a score of -20 compared to -13 in the previous quarter. However, there are some positive aspects to the company's financials. The operating cash flow has been consistently growing over the last three years, with the highest amount of Rs 18.39 crore generated annually.

On the other hand, there are some areas where India Gelatine has not performed well. The profit before tax (PBT) has fallen by 60.1% compared to the average of the previous four quarters, and the profit after tax (PAT) has also fallen by 47.2%. The net sales have also decreased by 13.7% compared to the average of the previous four quarters. The operating profit has been consistently falling in the last five quarters, and the operating profit margin is at its lowest in the last five quarters, indicating a decline in the company's efficiency.

The company's non-operating income is 45.72% of its PBT, which suggests that the company's income from non-business activities is high and may not be sustainable in the long run. The earnings per share (EPS) and dividend per share (DPS) have also decreased, indicating a decline in profitability and lower dividends for shareholders. The dividend payout ratio (DPR) is also at its lowest in the last five years, indicating that the company is distributing a lower proportion of its profits as dividends.

Overall, India Gelatine & Chemicals has shown a negative financial performance in the quarter ending September 2024. Investors should carefully consider these factors before making any investment decisions.