Indo Borax & Chemicals Declares Q4 Results, Shows Decline in Performance

Despite a negative financial performance in the quarter ending December 2023, Indo Borax & Chemicals, a microcap company in the chemicals industry, has declared its financial results for the quarter on February 13, 2024. According to MarketsMOJO, the stock call for Indo Borax & Chemicals is 'Sell'.

The company's financial score has fallen from -13 to -19 in the last three months, indicating a decline in performance. However, there are some positive aspects to the financials. Indo Borax & Chemicals has the highest cash and cash equivalents of Rs 98.24 crore in the last six half yearly periods, showing an improvement in short term liquidity.

On the other hand, there are some areas that are not working for the company. The net sales for the quarter have fallen by -17.3% compared to the average net sales of the previous four quarters. This indicates a negative trend in sales in the near term. The operating profit, profit before tax, and profit after tax have also shown a decline in the last five quarters, indicating a negative trend in the near term.

The company's operating profit margin has also decreased to its lowest at 20.84% in the last five quarters, indicating a deterioration in efficiency. The earnings per share have also decreased to its lowest at Rs 2.56, showing a decline in profitability and lower earnings for shareholders. Additionally, the debtors turnover ratio has slowed down, indicating a slower pace in settling debts.

In conclusion, while Indo Borax & Chemicals has declared its financial results for the quarter ending December 2023, the company has seen a negative performance. Investors should carefully consider these factors before making any investment decisions.