Saint-Gobain Sekurit India's Q1 financials show steady performance with positive highlights
Saint-Gobain Sekurit India, a smallcap glass company, has released its financial results for the quarter ending June 2024. The company's stock has been given a 'Hold' call by MarketsMojo. While the company's performance has been flat, there are positive aspects such as a high Debtors Turnover Ratio and Non-Operating Income. Investors are advised to hold their position.
Saint-Gobain Sekurit India, a smallcap company in the glass industry, has recently announced its financial results for the quarter ending June 2024. The company's stock has been given a 'Hold' call by MarketsMOJO.
According to the financial report, Saint-Gobain Sekurit India has shown a flat performance in the quarter, with a score of 1 compared to -1 in the previous three months. However, there are some positive aspects to the company's financials.
One of the highlights is the Debtors Turnover Ratio, which has been the highest in the last five half-yearly periods at 10.26 times. This indicates that the company has been able to settle its debtors at a faster rate.
On the other hand, the company's Non-Operating Income for the quarter has been the highest in the last five quarters at Rs 2.83 crore. While this may seem like a positive, it is important to note that this income is from non-business activities and may not be sustainable in the long run.
Overall, Saint-Gobain Sekurit India's financial performance for the quarter ending June 2024 has been steady, with some areas showing improvement. Investors are advised to hold their position in the company's stock, as per MarketsMOJO's recommendation.
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