PBM Polytex's Q3 financials show mixed results

PBM Polytex, a microcap textile company, has recently declared its financial results for the quarter ended September 2023. According to the analysis by MarketsMOJO, the stock call for PBM Polytex is 'Sell'.

In the quarter ended September 2023, PBM Polytex saw a 13.04% growth in net sales compared to a -13.16% growth in the previous quarter. However, the consolidated net profit saw a decline of -26.05% in the same period. The operating profit (PBDIT) excluding other income also saw a decline of -35.18% compared to the previous quarter.

The interest expenses for PBM Polytex also saw a decline of -47.06% in the quarter ended September 2023. The operating profit margin (excluding other income) has also fallen from the previous quarter.

Despite the flat financial performance, PBM Polytex has shown some positive aspects in its financials. The company has generated the highest operating cash flow of Rs 23.49 crore annually and has shown growth in the last three years.

However, there are also some areas of concern for PBM Polytex. The earnings per share (EPS) for the quarter ended September 2023 was the lowest in the last five quarters at Rs -4.36. The company's short-term liquidity is also deteriorating as seen from the lowest cash and cash equivalents of Rs 0.94 crore in the last six half-yearly periods. Additionally, the dividend payout ratio (DPR) for PBM Polytex has been consistently low at 0.00% in the last five years, indicating a lower distribution of profits as dividends.

Overall, PBM Polytex's financial performance for the quarter ended September 2023 has been flat, with some positive and negative aspects. Investors should carefully consider these factors before making any investment decisions.