Hindoo. Mills' Financials Show Negative Performance, Cash Reserves Improve

Hindoo. Mills, a microcap textile machinery company, recently declared its financial results for the quarter ending June 2024. The company has seen a negative performance in this quarter, with a score of -8 compared to 13 in the previous quarter.

Despite this, there are some positive aspects in the company's financials. The cash and cash equivalents have increased to Rs 10.34 crore in the last six half-yearly periods, indicating an improvement in short-term liquidity.

However, there are also some concerning factors in the financials. The net sales for the quarter have fallen by 30.1% compared to the average of the previous four quarters. This indicates a negative trend in near-term sales. The profit after tax has also seen a significant decline of 377.2% compared to the average of the previous four quarters.

The company's operating profit and profit before tax have also seen a decline in this quarter, with the lowest figures in the last five quarters. The operating profit margin has also deteriorated, indicating a decrease in efficiency. The earnings per share have also decreased, creating lower earnings for shareholders.

Additionally, the company's debtors turnover ratio has slowed down, with the lowest figure in the last five half-yearly periods.

Based on these financials, MarketsMOJO has given a 'Strong Sell' call for Hindoo. Mills' stock. Investors should carefully consider these factors before making any investment decisions.