Dhunseri Ventures Reports Positive Financial Results for Q1 2024, Receives 'Hold' Rating from MarketsMOJO

Dhunseri Ventures, a smallcap company in the chemicals industry, has recently announced its financial results for the quarter ending March 2024. The company has received a 'Hold' call from MarketsMOJO, a leading financial analysis platform.

According to the financial report, Dhunseri Ventures has shown a positive performance in the quarter, with a score of 8 compared to -14 in the previous quarter. This improvement can be attributed to the following factors:

- Profit Before Tax (PBT) has grown by 119.4% to Rs 64.04 crore, compared to the average PBT of the previous four quarters at Rs 29.19 crore. This indicates a very positive trend in the near term.
- Profit After Tax (PAT) has also shown a significant growth of 82.9% to Rs 69.98 crore, compared to the average PAT of the previous four quarters at Rs 38.27 crore. This is another positive trend in the near term.
- Net Sales have increased by 59.9% to Rs 161.28 crore, compared to the average Net Sales of the previous four quarters at Rs 100.87 crore. This shows a very positive trend in the near term.
- Operating Profit (PBDIT) has reached its highest at Rs 38.63 crore in the last five quarters, indicating a positive trend in the near term.
- The company has a high Dividend Payout Ratio (DPR) of 11.44% in the last five years, which shows that it is distributing a higher proportion of its profits as dividends.

However, there are some areas that need improvement, as highlighted by the financial report:

- Interest costs have increased by 315.75% to Rs 16.63 crore in the last nine months, indicating a rise in borrowings.
- Inventory Turnover Ratio has fallen to its lowest at 15.02 times in the last five half-yearly periods, indicating a slower pace of selling inventory.
- Debtors Turnover Ratio has also fallen to its lowest at 160.75 times in the last five half-yearly periods, indicating a slower pace of settling debts.
- Non-Operating Income has reached its highest at Rs 21.83 crore in the last five quarters, which may not be sustainable as it comes from non-business activities.

Overall, Dhunseri Ventures has shown a positive financial performance in the quarter ending March 2024, with some areas that need improvement. Investors are advised to hold their stocks and keep an eye on the company's future financial reports.