NCL Industries' Q1 financials show mixed results, with improved liquidity and decreased debt, but declining profits and sales.
NCL Industries, a microcap cement company, recently declared its financial results for the quarter ending June 2024. The company's stock has been given a 'Hold' call by MarketsMOJO.
According to the financials, NCL Industries has seen a negative performance in the quarter, with a score of -8 compared to 10 in the previous quarter. However, there are some positive aspects to the company's financials. The cash and cash equivalents have increased to Rs 53.92 crore in the last six half-yearly periods, indicating an improvement in short-term liquidity. The debt-equity ratio has also decreased to 0.26 times, showing that the company has been reducing its borrowing in comparison to equity capital. Additionally, the debtors turnover ratio has improved, with the company being able to settle its debtors faster.
On the other hand, there are some concerning aspects to NCL Industries' financials. The profit before tax less other income (PBT) has fallen by 44.8% compared to the average of the previous four quarters. The profit after tax (PAT) has also decreased by 45.2% compared to the average of the previous four quarters. The net sales have fallen by 13.0% compared to the average of the previous four quarters, with the company's operating profit and operating profit margin also showing a negative trend. The earnings per share (EPS) have also decreased, indicating a decline in profitability and lower earnings for shareholders.
Overall, NCL Industries' financial performance for the quarter ending June 2024 has been mixed, with some positive and negative aspects. Investors are advised to hold their stock and monitor the company's performance in the upcoming quarters.
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