Sical Logistics Reports Mixed Financial Performance

Sical Logistics, a microcap logistics company, recently announced its financial results for the quarter ended September 2023. The company's stock has been given a 'Strong Sell' call by MarketsMOJO.

According to the quarterly analysis, Sical Logistics has seen a decline in net sales by 11.86% compared to the previous quarter. However, the consolidated net profit has shown a growth of 34.73%. The operating profit (PBDIT) excluding other income has also shown a positive growth of 24.84%. On the other hand, the interest has decreased by 4.19% in the same period.

Despite the positive growth in some areas, Sical Logistics has seen a very negative financial performance in the quarter. The company's score has fallen from -20 to -27 in the last three months.

On a positive note, the company's cash and cash equivalents have shown improvement in the last six half-yearly periods. However, the net sales and profit after tax (PAT) have shown a significant decline compared to the previous four quarters. The operating cash flow has also decreased each year in the last three years.

The company's debt-equity ratio has reached its highest at 15.54 times in the last five half-yearly periods, indicating increased borrowings. This could potentially lead to a stressed liquidity situation for the company.

In conclusion, Sical Logistics has shown a mixed financial performance in the quarter ended September 2023. While some areas have shown improvement, others have seen a decline. Investors should carefully consider these factors before making any investment decisions.