Shiva Mills Reports Flat Performance in Q2, But Shows Positive Sales Growth

Shiva Mills, a microcap textile company, recently announced its financial results for the quarter ending June 2024. The company's stock has been given a 'Sell' call by MarketsMOJO, a leading financial analysis firm.

According to the financial report, Shiva Mills has seen a flat performance in the quarter, with a score of 2 out of 10, compared to 6 in the previous quarter. However, there are some positive aspects to the company's performance. The net sales for the quarter have grown by 33.84% year on year, reaching Rs 44.22 crore. This indicates a positive trend in the company's sales in the near term.

On the other hand, there are some areas of concern for Shiva Mills. The company's operating cash flow for the year has been the lowest in the last three years, at Rs -17.31 crore. This suggests that the company's cash revenues from business operations are declining. Additionally, the debtors turnover ratio for the half-yearly period is at its lowest in the last five periods, at 7.93 times. This indicates a slowdown in the company's pace of settling its debtors.

Despite these challenges, Shiva Mills remains a key player in the textile industry. The company has a strong track record and is continuously working towards improving its financial performance. Investors should keep a close eye on the company's future developments and financial reports.