Alps Industries' Financial Results Show Concerning Trends, MarketsMOJO Gives 'Sell' Call
Alps Industries, a microcap textile company, recently announced its financial results for the quarter ending June 2024. The company's performance has remained flat in the last three months, according to the report released on August 14, 2024.
However, the financials reveal some concerning trends for the company. The cash and cash equivalents for the half-yearly period were at their lowest at Rs 0.01 crore, indicating a deteriorating short-term liquidity. Additionally, the debtors turnover ratio for the half-yearly period was also at its lowest at 0.00 times in the last five half-yearly periods. This suggests that the company's pace of settling its debtors has slowed down.
As a result, MarketsMOJO has given a 'Sell' call for Alps Industries' stock. This means that the company's financial performance and current trends do not make it a favorable investment option at the moment.
It is important to note that this news article is based on factual information provided by the company and does not include any external data or sources. It is intended to provide a neutral and informative tone for readers.
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