Polymechplast Machines' Financial Report Shows Mixed Results, MarketsMOJO Gives 'Sell' Call

Polymechplast Machines, a microcap company in the engineering industry, recently announced its financial results for the quarter ending September 2024. The company's stock has been given a 'Sell' call by MarketsMOJO.

According to the financial report, Polymechplast Ma's performance for the quarter was flat, with a score of -1. However, this is an improvement from the previous quarter's score of -2. The company's Profit After Tax (PAT) for the nine-month period was higher at Rs 0.80 crore compared to the preceding 12-month period of Rs 0.43 crore. This indicates a positive trend in the company's profitability.

On the other hand, the company's Cash and Cash Equivalents for the half-yearly period were at its lowest at Rs 2.72 crore in the last six half-yearly periods. This suggests a deterioration in the company's short-term liquidity.

Despite the mixed financial performance, Polymechplast Machines has shown promising growth in sales, surpassing the previous 12-month sales in just nine months. This could be a positive sign for the company's future prospects.

Investors should carefully consider these financial results before making any investment decisions. MarketsMOJO's 'Sell' call also indicates caution for potential investors.