MarketsMOJO rates IEL as 'Strong Sell' despite positive net sales and profit growth

Despite the positive growth in net sales and profit after tax, IEL's financial performance for the quarter ending September 2024 has been deemed as a 'Strong Sell' by MarketsMOJO. The company's overall score has also fallen from 17 to 8 in the last 3 months. On the positive side, IEL's net sales for the half-yearly period have shown a significant growth of 100.38% year on year, indicating a strong sales trend. The company has also recorded a higher profit after tax of Rs 0.44 cr compared to the previous 12-month period. However, there are some areas of concern for IEL. The company's operating cash flow for the year has been the lowest in the last three years, indicating a decline in cash revenues from business operations. Additionally, the operating profit and profit before tax less other income for the quarter have also been the lowest in the last five quarters, showing a negative trend in the near term. It is important for investors to carefully consider these financial results before making any investment decisions regarding IEL. While the company has shown positive growth in some areas, there are also some red flags that cannot be ignored. It is advisable to do thorough research and consult with a financial advisor before making any investment in IEL.