Nikhil Adhesives Shows Positive Financial Performance, Receives 'Hold' Rating from MarketsMOJO

Nikhil Adhesives, a microcap company in the chemicals industry, has recently announced its financial results for the quarter ending June 2024. The company has shown a positive performance in this quarter, with its score improving from -1 to 10 in the last three months.

One of the key factors contributing to this improvement is the company's ability to manage its interest payments, with the Operating Profit to Interest ratio being the highest in the last five quarters at 5.04 times. This indicates that Nikhil Adhesives is becoming more efficient in handling its financial obligations.

Moreover, the company's Operating Profit (PBDIT) has also shown a positive trend, with it being the highest at Rs 9.58 crore and growing each quarter in the last five quarters. This indicates that the company's operations are becoming more profitable in the near term.

In terms of sales, Nikhil Adhesives has also shown a positive trend, with its Net Sales being the highest at Rs 161.17 crore in the last five quarters. This indicates that the company's products are in demand and its sales are increasing.

Furthermore, the company's Profit Before Tax less Other Income (PBT) has also shown a positive trend, with it being the highest at Rs 6.00 crore in the last five quarters. This indicates that the company's profitability is improving in the near term.

Similarly, the Profit After Tax (PAT) has also shown a positive trend, with it being the highest at Rs 4.55 crore in the last five quarters. This indicates that the company's bottom line is improving and it is generating higher profits for its shareholders.

In terms of earnings, Nikhil Adhesives has also shown a positive trend, with its Earnings per Share (EPS) being the highest at Rs 0.99 in the last five quarters. This indicates that the company's profitability is increasing and it is creating higher earnings for its shareholders.

Based on these financial results, MarketsMOJO has given a 'Hold' call for Nikhil Adhesives' stock. With its improving financial performance and positive trends, the company is on a promising path for growth in the near future.