V-Guard Industries Reports Flat Performance in Q2, Debtors Turnover Ratio Highest Among Competitors

V-Guard Industries, a leading player in the consumer durables industry, recently announced its financial results for the quarter ending September 2024. The company's stock has been given a 'Hold' call by MarketsMOJO.

According to the financial report, V-Guard Industries has shown a flat performance in the second quarter of the fiscal year 2024-25. The company's score has dropped from 21 to 5 in the last three months.

However, there are some positive aspects to the company's financials. V-Guard Industries has achieved a Debtors Turnover Ratio of 11.45 times in the last five half-yearly periods, which is the highest among its competitors. This indicates that the company has been able to settle its debtors at a faster rate.

On the other hand, the company's Profit After Tax (PAT) for the quarter has fallen by 13.3% compared to the average PAT of the previous four quarters. This is a concerning trend for the company in the near term. Similarly, the Profit Before Tax less Other Income (PBT) has also fallen by 9.9% compared to the average PBT of the previous four quarters. This indicates a negative trend in the near term for V-Guard Industries.

Overall, V-Guard Industries has shown a mixed performance in the recent quarter. While there are some positive aspects, the company needs to address the decline in PAT and PBT in order to improve its financial performance. Investors are advised to hold their positions in the company's stock for now.