Plastiblends India Reports Positive Financial Performance in Q2 FY25 Despite 'Sell' Call

Plastiblends India, a microcap company in the plastic products industry, has recently announced its financial results for the quarter ending June 2024. The company has received a ‘Sell’ call from MarketsMOJO, a leading financial analysis platform.

Despite this, Plastiblends (I) has shown positive financial performance in the quarter, with a score of 12, an improvement from 11 in the last 3 months. This is a result of various factors that have worked in the company’s favor, as seen in the September 2024 financials.

One of the key highlights is the company’s net sales, which have reached a five-quarter high of Rs 211.58 crore. This indicates a positive trend in the near term. Similarly, the operating profit (PBDIT) has also reached a five-quarter high of Rs 16.32 crore, with a positive trend in the near term. The same can be seen in the profit before tax less other income (PBT), which has reached a five-quarter high of Rs 12.20 crore.

Plastiblends (I) has also shown a positive trend in its profit after tax (PAT), with a five-quarter high of Rs 10.85 crore. This has resulted in a higher earnings per share (EPS) of Rs 4.18, indicating an increase in profitability and creating higher earnings for shareholders.

Moreover, the company has been able to settle its debtors faster, with a debtors turnover ratio of 9.12 times in the last five half-yearly periods. This is a positive sign for the company’s financial health.

In addition, Plastiblends (I) has been distributing higher dividends from its profits, with a five-year high of Rs 4.25 per share. This shows the company’s commitment to creating value for its shareholders.

Overall, Plastiblends India has shown a positive financial performance in the quarter ending June 2024, with various factors working in its favor. However, investors should carefully consider all aspects before making any investment decisions.