Nahar Polyfilms Reports Strong Financial Performance in Q1 2024, Receives 'Hold' Rating from MarketsMOJO

Nahar Polyfilms, a microcap company in the textile industry, has recently announced its financial results for the quarter ending March 2024. The stock call for the company by MarketsMOJO is 'Hold'.

According to the financial report, Nahar Poly has shown a positive performance in the quarter of June 2024. The company's score has improved from -11 to 13 in the last three months, indicating a significant growth.

One of the key factors contributing to this growth is the Profit Before Tax (PBT) less Other Income, which has seen a 170.2% increase from the average PBT of the previous four quarters. The near-term trend for PBT is also very positive. Similarly, the Profit After Tax (PAT) has shown a growth of 486.9% from the average PAT of the previous four quarters. The near-term trend for PAT is also very positive.

Another positive aspect for Nahar Poly is its Operating Profit to Interest ratio, which is the highest in the last five quarters. This indicates the company's ability to manage its interest payments is improving. The Net Sales for the quarter have also been the highest in the last five quarters, showing a positive trend in the near term.

On the other hand, the company's Cash and Cash Equivalents have been the lowest in the last six half-yearly periods, indicating a deteriorating short-term liquidity. However, the Debt-Equity Ratio for the company is the lowest in the last five half-yearly periods, showing a reduction in borrowing compared to equity capital.

Overall, Nahar Polyfilms has shown a positive financial performance in the quarter ending March 2024. With a 'Hold' stock call from MarketsMOJO, the company's future looks promising.