Jaysynth Dyestuff reports strong financial results in Q4 2023, but debtors turnover ratio slows.

Jaysynth Dyestuff (India), a microcap company in the dyes and pigments industry, has recently announced its financial results for the quarter ending December 2023. The company's stock has been given a 'Hold' call by MarketsMOJO.

According to the financials, Jaysynth Dyestuff has shown positive performance in the quarter, with a score of 14 compared to 18 in the previous 3 months. The company's Profit Before Tax (PBT) has grown by 46.6% to Rs 3.27 crore, which is higher than the average PBT of the previous four quarters at Rs 2.23 crore. This indicates a very positive trend in the near term for PBT.

In terms of sales, the company has shown a growth of 26.83% Year on Year (YoY) with net sales of Rs 81.88 crore in the half-yearly period. The Profit After Tax (PAT) has also seen a growth of 36.3% over the average PAT of the previous four quarters at Rs 2.16 crore. This indicates a positive trend in the near term for PAT as well.

However, the company's Debtors Turnover Ratio in the half-yearly period is at its lowest at 3.83 times in the last five periods. This suggests that the company's pace of settling its debtors has slowed down.

Overall, Jaysynth Dyestuff has shown a positive financial performance in the quarter ending December 2023. However, the company needs to address its slow pace of settling debtors in order to maintain its growth in the long term.