Nirlon's Q2 financial results show positive trend despite 'Sell' stock call.

Nov 16 2024 05:07 PM IST
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Nirlon, a smallcap company in the miscellaneous industry, has reported positive financial results for the quarter ending September 2024. The company's operating cash flow, net sales, and profitability have all shown improvement in the last five quarters. However, investors should take into account the 'Sell' stock call by MarketsMojo before investing.
Nirlon, a smallcap company in the miscellaneous industry, has recently announced its financial results for the quarter ending September 2024. The stock call by MarketsMOJO for Nirlon is 'Sell'.

Despite the negative stock call, Nirlon has shown positive financial performance in the second quarter of the fiscal year 2024-2025. In the last three months, the company's score has improved from 6 to 13.

One of the key factors contributing to Nirlon's positive performance is its operating cash flow, which has been consistently growing over the last three years. In the last quarter, the company's operating cash flow was the highest at Rs 424.76 crore. This indicates that Nirlon has been able to generate higher cash revenues from its business operations.

Another positive aspect of Nirlon's financials is its net sales, which have been consistently growing each quarter in the last five quarters. In the September 2024 quarter, the company's net sales were the highest at Rs 160.21 crore. This shows a very positive trend in the company's near-term sales.

Nirlon's ability to manage its interest payments has also improved, with its operating profit to interest ratio being the highest at 4.33 times in the last five quarters. This indicates that the company is becoming more efficient in managing its interest payments.

In terms of operating profit, Nirlon has shown a positive trend in the near term, with the highest operating profit (PBDIT) of Rs 128.63 crore in the last five quarters. This shows that the company's profitability is increasing.

Nirlon's operating profit margin has also improved, with the highest margin of 80.29% in the last five quarters. This indicates that the company's efficiency has improved.

In terms of profitability, Nirlon has shown a positive trend in the near term, with the highest profit before tax less other income (PBT) of Rs 84.52 crore in the last five quarters. The company's net profit after tax (PAT) has also shown a positive trend, with the highest PAT of Rs 56.49 crore in the last five quarters.

Nirlon has also been able to create higher earnings for its shareholders, with the highest earnings per share (EPS) of Rs 6.27 in the last five quarters. Additionally, the company has been distributing higher dividends from its profits, with the highest dividend per share (DPS) of Rs 26.00 in the last five years.

Overall, Nirlon's financial results for the quarter ending September 2024 show a positive trend in its performance. However, investors should consider the 'Sell' stock call by MarketsMOJO before making any investment decisions.
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