Prakash Woollen & Synthetic Mills Shows Strong Financial Growth in Q3 2023.

Prakash Woollen & Synthetic Mills, a microcap company in the textile industry, has recently announced its financial results for the quarter ending December 2023. The company has shown positive growth in its financial performance, with a score of 11 compared to -5 in the previous quarter.

The company's Profit Before Tax less Other Income (PBT) has seen a significant increase of 216.00% year on year, with a very positive trend in the near term. Similarly, the Profit After Tax (PAT) has also shown a growth of 219.3% year on year, with a positive trend in the near term. The Net Sales for the quarter have reached a five-quarter high of Rs 48.90 cr, indicating a positive trend in the near term. The Operating Profit (PBDIT) has also reached a five-quarter high of Rs 4.53 cr, with a positive trend in the near term.

The company's profitability has also improved, with the highest PBT and PAT in the last five quarters. The Earnings per Share (EPS) have also increased to Rs 1.69, indicating higher earnings for shareholders.

However, there are some areas of concern for Prakash Woollen based on its financials. The company's Cash and Cash Equivalents have reached a six-half yearly low of Rs 0.06 cr, indicating a deteriorating short-term liquidity. The Debtors Turnover Ratio has also decreased to 11.53 times, showing a slower pace in settling its debtors.

Overall, Prakash Woollen & Synthetic Mills has shown positive growth in its financial performance for the quarter ending December 2023. However, investors are advised to hold their stock, as recommended by MarketsMOJO.