Ritesh International Reports Strong December 2024 Results Amid Debt Collection Challenges

Ritesh International, a microcap player in the chemicals industry, has recently reported its financial results for the quarter ending December 2024. The company has experienced notable developments in its financial metrics, leading to an adjustment in its evaluation score, which has risen to 17 from 9 over the past three months.
The financial results indicate a significant uptick in net sales, reaching Rs 39.04 crore, reflecting a growth of 65.4% compared to the average of the previous four quarters. This marks the highest quarterly sales figure in the last five quarters, suggesting a robust near-term sales trend. Additionally, Ritesh International achieved its highest operating profit of Rs 1.41 crore in the same period, with an operating profit margin of 3.61%, indicating improved efficiency.

Profitability metrics also show positive trends, with profit before tax reaching Rs 1.10 crore and profit after tax at Rs 1.01 crore, both the highest in the last five quarters. Earnings per share have also seen an increase, reaching Rs 1.06, which reflects the company's ability to generate higher earnings for its shareholders.

However, the company faces challenges, particularly with its debtors turnover ratio, which has reached its lowest point in the last five half-yearly periods, indicating a slowdown in the pace of settling its debtors.

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