Deep Polymers Reports Declining Sales and Operating Profit in December 2024 Results

Deep Polymers, a microcap company in the chemicals industry, has reported its financial results for the quarter ending December 2024, with the announcement made on February 13, 2025. The evaluation changes indicate a notable shift in the company's score, which has moved to -4 from 0 over the past three months.
The financial data reveals some positive aspects for Deep Polymers. The debt-equity ratio stands at 0.37 times, marking the lowest level in the last five half-yearly periods, suggesting a reduction in borrowing relative to equity capital.

Conversely, several challenges are evident in the latest financials. The net sales for the quarter reached Rs 22.54 crore, reflecting a decline of 11.6% compared to the average of the previous four quarters, which was Rs 25.50 crore. This figure represents the lowest net sales recorded in the last five quarters, indicating a negative near-term sales trend. Additionally, the operating profit (PBDIT) has also hit a low of Rs 2.98 crore in the same timeframe, further highlighting the difficulties faced by the company. Moreover, cash and cash equivalents have decreased to Rs 0.59 crore, the lowest in the last six half-yearly periods, pointing to a deterioration in short-term liquidity.

Discover the Latest Mojo Score and Financial Trend Performance - SignUp in less than 2 Minutes and get FREE Premium Access.