Mayukh Dealtrade reports positive financial results, but operating cash flow declines

Mayukh Dealtrade, a microcap trading company, has recently announced its financial results for the quarter ending September 2024. The company has shown a positive performance in this quarter, with its score improving from 5 to 9 in the last 3 months.

According to the financial report, Mayukh Dealtrade has achieved its highest operating profit (PBDIT) in the last five quarters, standing at Rs 0.93 crore. The trend for near-term operating profit is also positive. Similarly, the company has also recorded its highest profit before tax (PBT) and profit after tax (PAT) in the last five quarters, at Rs 0.81 crore and Rs 0.62 crore respectively. The near-term trend for both PBT and PAT is also positive.

Another positive aspect of Mayukh Dealtrade's financial performance is its debtors turnover ratio, which has reached its highest at 0.94 times in the last five half-yearly periods. This indicates that the company has been able to settle its debtors faster.

However, the company's operating cash flow has been a cause for concern. It has been consistently falling each year in the last three years, with the lowest recorded at Rs -2.70 crore in the last year. This suggests that the company's cash revenues from business operations are declining.

In light of these financial results, MarketsMOJO has given a 'Strong Sell' call for Mayukh Dealtrade's stock. Investors should carefully consider these factors before making any investment decisions.