Shreyas Shipping & Logistics Announces Q1 Results, Mixed Performance with Positive Indicators

Shreyas Shipping & Logistics, a microcap company in the shipping industry, recently announced its financial results for the quarter ending June 2024. The stock call by MarketsMOJO for the company is 'Sell'.

According to the financials, Shreyas Shipping has shown a flat performance in the quarter, but there are some positive indicators. The company's score has improved from -7 to 2 in the last 3 months. The operating profit to interest ratio has also improved, with the company's ability to manage interest payments showing an upward trend.

The company's profit after tax (PAT) for the half-yearly period is higher at Rs 4.35 crore compared to the previous 12 months. This shows a positive growth trend for the company. The net sales for the quarter have also seen a significant increase, with a growth of 33% over the average net sales of the previous four quarters. The operating profit (PBDIT) for the quarter is also at its highest in the last five quarters, indicating a positive trend.

However, there are some areas that need improvement for Shreyas Shipping. The PAT for the half-yearly period has shown a negative growth of -77.53% year on year, which is a cause for concern. The company's non-operating income is also high, which is not a sustainable business model. The cash and cash equivalents for the half-yearly period are at its lowest in the last six periods, indicating a deteriorating short-term liquidity. The debtors turnover ratio has also slowed down, showing a decrease in the company's pace of settling its debtors.

Overall, Shreyas Shipping & Logistics has shown a mixed performance in the quarter ending June 2024. While there are some positive indicators, there are also areas that need improvement. Investors are advised to carefully consider these factors before making any investment decisions.