Kandagiri Spinning Mills' Q2 financials show mixed results, MarketsMOJO gives 'Sell' call
Kandagiri Spinning Mills, a microcap textile company, 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 financial report, Kandagiri Spinning Mills has seen a flat performance in the second quarter of the fiscal year 2024-2025. The company's score has fallen from -1 to -3 in the last three months.
However, there are some positive aspects to the company's financials. The Debtors Turnover Ratio for the half-yearly period is at its highest in the last five half-yearly periods, standing at 2.74 times. This indicates that the company has been able to settle its debtors at a faster rate.
On the other hand, the company's operating cash flow for the year has been the lowest in the last three years, at Rs -1.50 crore. This suggests that the company's cash revenues from business operations are declining.
Despite the mixed financial performance, MarketsMOJO has given a 'Sell' call for Kandagiri Spinning Mills' stock. Investors should carefully consider these financials before making any investment decisions.
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