MarketsMOJO Gives 'Strong Sell' Call for PBM Polytex Stock After Mixed Q1 Results

MarketsMOJO, a leading financial analysis platform, has given a 'Strong Sell' call for PBM Polytex's stock based on their latest financial results for the quarter ending March 2024. The microcap textile company has reported a flat performance for the quarter, with a score of 5 which has improved from -6 in the last 3 months.

However, there are some positive aspects to PBM Polytex's financials for the quarter. The company has recorded its highest net sales in the last five quarters at Rs 52.12 crore, with a positive sales trend in the near term. The operating profit (PBDIT) has also seen an improvement, with the highest figure of Rs -0.12 crore in the last five quarters and a positive trend in the near term. The operating profit margin has also increased to its highest at -0.23%, indicating an improvement in the company's efficiency.

The profit before tax less other income (PBT) has also seen a positive trend, with the highest figure of Rs -1.28 crore in the last five quarters. The profit after tax (PAT) has also shown an increase, with the highest figure of Rs 0.28 crore in the last five quarters and a positive trend in the near term. The earnings per share (EPS) have also improved, with the highest figure of Rs 0.41 in the last five quarters, indicating a higher profitability and creating value for shareholders.

However, there are some concerns with PBM Polytex's financials for the quarter. The non-operating income is 465.71% of the profit before tax (PBT), which indicates a high income from non-business activities. This may not be a sustainable business model for the company.

Overall, PBM Polytex's financial results for the quarter ending March 2024 have shown some positive improvements, but there are also some concerns that need to be addressed. Investors are advised to carefully consider these factors before making any investment decisions.