Poddar Pigments Reports Flat Performance in Q1, Net Sales Reach 5-Quarter High

Aug 08 2024 03:34 PM IST
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Poddar Pigments, a microcap company in the dyes and pigments industry, has announced its financial results for the quarter ending March 2024. Despite a flat performance with a score of 1, the company's net sales were the highest in the last five quarters at Rs 98.85 crore, indicating a positive trend. However, the debtors turnover ratio has slowed down. MarketsMojo has given a 'Hold' call for the company's stock.

Poddar Pigments, a microcap company in the dyes and pigments industry, recently announced its financial results for the quarter ending March 2024. The company's stock has been given a 'Hold' call by MarketsMOJO.

According to the financial report, Poddar Pigments has shown a flat performance in the quarter, with a score of 1 compared to 8 in the previous quarter. However, there are some positive aspects to the company's performance. The net sales for the quarter were the highest in the last five quarters, at Rs 98.85 crore. This indicates a positive trend in the company's sales in the near term.

On the other hand, the company's debtors turnover ratio for the half-yearly period was the lowest in the last five periods, at 6.24 times. This suggests that the company's pace of settling its debtors has slowed down.

Poddar Pigments is a microcap company, which means it has a small market capitalization. It operates in the dyes and pigments industry, providing color solutions to various industries. The company's financial results for the quarter ending March 2024 have been declared on August 8, 2024. Based on these results, MarketsMOJO has given a 'Hold' call for the company's stock.
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