Nitta Gelatin India's Q3 financial report shows mixed results, with positive cash flow but declining DPR and PBT

Nitta Gelatin India, a microcap company in the chemicals industry, recently announced its financial results for the quarter ending September 2024. The company's stock call has been marked as 'Sell' by MarketsMOJO.

According to the financial report, Nitta Gelatin's performance for the quarter was flat, with a score of -5, showing a slight improvement from the previous quarter's score of -6. However, the company's cash and cash equivalents have seen a positive trend, with the highest amount of Rs 96.31 crore in the last six half-yearly periods. This indicates an improvement in short-term liquidity for the company.

On the other hand, the company's dividend payout ratio (DPR) has been consistently decreasing over the past five years, with the latest annual DPR at 6.59%. This suggests that Nitta Gelatin is distributing a lower proportion of its profits as dividends to its shareholders.

In terms of profit before tax (PBT), the company has seen a decline of -8.3% in the latest quarter compared to the average PBT of the previous four quarters. This indicates a negative trend in the near term for Nitta Gelatin.

Additionally, the company's debtors turnover ratio has also decreased in the last five half-yearly periods, with the latest ratio at 5.58 times. This shows that the company's pace of settling its debtors has slowed down.

Overall, Nitta Gelatin's financial performance for the quarter ending September 2024 has been mixed, with some positive and negative trends. Investors should carefully consider these factors before making any investment decisions.