ISGEC Heavy Engineering Reports Strong Q2 Results, Debt to Equity Ratio Increases
ISGEC Heavy Engineering has reported a low debt to equity ratio of 0.04 in the second quarter of FY24-25, indicating a strong financial position. However, there has been a slight increase from the previous quarter, which may raise concerns. The company has shown positive financial performance with growth in key metrics, but non-operating income and debt to equity ratio may need to be monitored. MarketsMojo has given a 'Hold' call for the stock, suggesting a neutral stance. Investors should keep an eye on the company's future financial performance.
Debt to Equity Ratio - Quarterly: At 0.04, the company has a low debt to equity ratio, indicating a strong financial position. However, it has increased from the previous quarter, which may be a cause for concern. Overall, ISGEC Heavy Engineering has shown positive financial performance in the second quarter of FY24-25. The company has seen growth in operating cash flow, profit after tax, operating profit, and earnings per share. However, there is a slight increase in non-operating income and debt to equity ratio, which may need to be monitored in the future. MarketsMOJO has given a 'Hold' call for the stock, indicating a neutral stance. Investors may want to keep an eye on the company's financial performance in the upcoming quarters.
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