National Plastic Industries Announces Q1 Financial Results, Receives 'Sell' Call from MarketsMOJO

National Plastic Industries, a microcap company in the plastic products industry, has recently announced its financial results for the quarter ending March 2024. The results, declared on August 12, 2024, have received a 'Sell' call from MarketsMOJO.

According to the financials, Natl. Plastic has shown a flat performance in the quarter, with a slight improvement in its score from -11 to -1 in the last three months. However, there are some positive aspects to the company's performance.

One of the key highlights is the company's strong operating cash flow, which has been consistently growing over the last three years and is currently at its highest at Rs 16.63 crore. This indicates that the company has been able to generate higher cash revenues from its business operations.

Another positive aspect is the company's net sales, which have shown a year-on-year growth of 27.20% at Rs 24.32 crore in the quarter. This indicates a positive sales trend in the near term.

However, there are also some areas of concern in Natl. Plastic's financials. The company's profit after tax (PAT) for the nine-month period has shown a significant decline of -72.85% year-on-year, indicating a negative trend in the near term. Similarly, the operating profit (PBDIT) for the quarter is at its lowest in the last five quarters, and the operating profit margin has also deteriorated.

Overall, while Natl. Plastic has shown some positive aspects in its financial performance, there are also some areas of concern that investors should consider before making any investment decisions.