Shivalik Rasayan reports strong financial results for Q3 2024, with positive trends in profitability and revenue.
Shivalik Rasayan, a microcap company in the chemicals industry, has recently announced its financial results for the quarter ending September 2024. The company has shown positive performance in this quarter, with a score of 8 compared to -8 in the previous quarter. This improvement can be attributed to various factors, as seen in the financials.
The company's Profit After Tax (PAT) for the quarter has grown by 113.3% year on year, reaching Rs 4.01 crore. This is a significant increase and shows a positive trend in the company's profitability. Similarly, the Net Sales for the quarter have also shown growth, reaching the highest at Rs 82.44 crore. This is a positive sign for the company's revenue generation.
Shivalik Rasayan's Operating Profit (PBDIT) for the quarter has also shown a positive trend, reaching the highest at Rs 11.76 crore. This indicates that the company's operations are performing well. The Profit Before Tax (PBT) has also shown an upward trend, reaching the highest at Rs 4.66 crore. This shows that the company's profitability is increasing, which is good news for shareholders.
The company's Debtors Turnover Ratio has also improved, reaching the highest at 3.41 times in the last five half-yearly periods. This means that the company has been able to settle its debtors faster, which is a positive sign for its financial health.
However, there are some areas that need improvement. The company's interest cost has increased by 27.60% quarter on quarter, reaching Rs 2.45 crore. This signifies that the company has taken on more borrowings, which could lead to a stressed liquidity situation. Additionally, the Debt-Equity Ratio has reached its highest at 0.19 times in the last five half-yearly periods, indicating that the company is borrowing more to fund its operations.
In conclusion, Shivalik Rasayan has shown positive financial performance in the quarter ending September 2024. However, there are some areas that need improvement, and investors should keep an eye on the company's borrowing and interest costs. MarketsMOJO has given a 'Sell' call for the company's stock, and investors should do their own research before making any investment decisions.
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