Sacheta Metals' Q3 financial results show mixed performance, with positive sales growth but slowing debtors turnover ratio

Sacheta Metals, a microcap company in the aluminium and aluminium products industry, recently declared its financial results for the quarter ending September 2024. According to the report released on October 26, 2024, the stock call for Sacheta Metals by MarketsMOJO is 'Sell'.

The company's financial performance for the quarter has remained flat, with a score of 1 compared to -6 in the previous three months. However, there are some positive aspects to the financials. The net sales for the quarter were the highest in the last five quarters at Rs 24.78 crore, indicating a positive trend in the near term. The net sales have also grown by 32.6% over the average net sales of the previous four quarters, which is another positive sign.

Moreover, the company's profit after tax (PAT) for the nine-month period ending September 2024 was higher at Rs 1.71 crore compared to the preceding 12-month period of Rs 1.61 crore. This shows that the company has already surpassed its sales from the previous year in just nine months.

However, there are some areas of concern for Sacheta Metals. The debtors turnover ratio for the half-yearly period is the lowest in the last five half-yearly periods at 5.73 times. This indicates that the company's pace of settling its debtors has slowed down.

Overall, Sacheta Metals has shown a mixed performance in the recent quarter, with some positive and negative aspects. Investors are advised to carefully analyze the company's financials before making any investment decisions.