Lime Chemicals Reports Flat Performance in Q1 FY25, Receives 'Strong Sell' Rating

Aug 16 2024 08:58 AM IST
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Lime Chemicals, a microcap company in the chemicals industry, reported a flat performance in the first quarter of fiscal year 2024. However, its Debtors Turnover Ratio has improved, indicating efficient collection of payments. Net sales for the nine-month period have decreased by 37.23%, suggesting a negative trend. Investors should carefully evaluate before investing.

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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