Sheela Foam's Q1 financial results show mixed performance, with some positive and negative aspects.

Sheela Foam, a midcap company in the consumer durables industry, recently declared its financial results for the quarter ending June 2024. According to MarketsMOJO, a leading financial analysis platform, the stock call for Sheela Foam is 'Sell'.

The company's financial performance for the quarter has been very negative, with a score of -28, a decrease from -26 in the previous quarter. However, there are some positive aspects to the financials. Sheela Foam has shown a strong operating cash flow annually, with a growth in the last three years. Additionally, the net sales for the quarter have grown by 25.53% year on year, indicating a positive sales trend in the near term.

On the other hand, there are some areas of concern in the financials. The operating profit to interest ratio has been consistently decreasing in the last five quarters, indicating a deteriorating ability to manage interest payments. The profit before tax less other income has also fallen by -116.76% year on year, and the profit after tax has decreased by -62.3% year on year, showing a very negative trend in the near term. The company's interest costs have also risen, indicating increased borrowings.

Moreover, the debt-equity ratio for Sheela Foam is at its highest in the last five half yearly periods, indicating a higher reliance on borrowing to fund its operations. The debtors turnover ratio has also decreased, showing a slower pace in settling debts.

Overall, Sheela Foam's financial performance for the quarter ending June 2024 has been mixed, with some positive and negative aspects. Investors should carefully consider these factors before making any investment decisions.