Indsil Hydro Power & Manganese Reports Negative Financial Results for Q4 2023.

Indsil Hydro Power & Manganese, a microcap company in the ferro and silica manganese industry, recently announced its financial results for the quarter ending December 2023. The company's stock has been given a 'Sell' call by MarketsMOJO.

According to the financial report, Indsil Hydro has seen a negative performance in the quarter, with no significant change in the last three months. However, there are some positive aspects to the company's financials. The cash and cash equivalents have been the highest in the last six half-yearly periods, indicating an improvement in short-term liquidity.

On the other hand, there are some areas where Indsil Hydro needs to work on. The net sales for the quarter have fallen by 51.82% compared to the same period last year, and the near-term sales trend is negative. The profit after tax has also decreased by 44.73% year on year, and the interest cost has increased, indicating a rise in borrowings.

Furthermore, the net sales for the quarter are the lowest in the last five quarters, and the company's pace of settling its debtors has slowed down, with the debtors turnover ratio being the lowest in the last five half-yearly periods.

Overall, Indsil Hydro's financial performance for the quarter ending December 2023 has been negative, with some areas of concern. Investors should carefully consider these factors before making any investment decisions.