Vijay Solvex Shows Positive Growth in PBT and PAT, But Faces Challenges in Net Sales and Liquidity

Vijay Solvex, a microcap company in the refined oil and vanaspati industry, has recently announced its financial results for the quarter ending September 2024. The company has shown a positive performance in this quarter, with a significant improvement in its overall score from -9 to 11 in the last three months. According to the financials, Vijay Solvex has seen a remarkable growth in its Profit Before Tax (PBT) by 977.19% year on year, reaching Rs 5.00 crore. The trend for PBT in the near term is also very positive. Similarly, the Profit After Tax (PAT) has also shown a significant growth of 2388.0% year on year, amounting to Rs 6.22 crore. The near term trend for PAT is also positive. However, the company has faced some challenges in terms of its Net Sales, which have decreased by -9.24% year on year, reaching Rs 431.82 crore. The near term trend for sales is also negative. Additionally, the company's Cash and Cash Equivalents have reached the lowest point of Rs 46.38 crore in the last six half yearly periods, indicating a deteriorating short term liquidity. Based on these financials, MarketsMOJO has given a 'Sell' call for Vijay Solvex's stock. Investors should carefully consider these factors before making any investment decisions.