Lime Chemicals Reports Flat Performance in Q1 FY25, Receives 'Strong Sell' Rating
Lime Chemicals, a microcap company in the chemicals industry, recently announced its financial results for the quarter ending June 2024. The company’s stock has been given a ‘Strong Sell’ rating by MarketsMOJO.
According to the financial report, Lime Chemicals has shown a flat performance in the first quarter of the fiscal year 2024. However, there has been a slight improvement in the company’s score, which has gone from -3 to -1 in the last three months.
One of the positive aspects of Lime Chemicals’ financials is its Debtors Turnover Ratio, which has been the highest in the last five half-yearly periods at 4.48 times. This indicates that the company has been able to collect payments from its debtors at a faster rate.
On the other hand, the company’s net sales for the nine-month period ending June 2024 have decreased by 37.23% compared to the same period last year, standing at Rs 7.20 crore. This suggests a negative trend in the company’s sales in the near term.
Despite the mixed financial performance, Lime Chemicals remains a strong player in the chemicals industry. Investors should carefully consider the company’s financials and market conditions before making any investment decisions.
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