Modison's Q4 financial results show flat performance, but positive growth in PAT and net sales

Modison, a microcap company in the capital goods industry, recently announced its financial results for the quarter ending December 2023. According to the report released on February 13, 2024, the company's performance has remained flat compared to the previous quarter, with a score of 5 out of 10, down from 9 in the last 3 months.

Despite this, there are some positive aspects to Modison's financials. The company's Profit After Tax (PAT) for the half-yearly period has shown a growth of 25.46% year on year, reaching Rs 8.41 crore. The near-term trend for PAT is also positive. Additionally, Modison's net sales for the quarter were the highest in the last five quarters, at Rs 107.77 crore. The near-term trend for net sales is also positive, with a growth of 23.8% over the average net sales of the previous four quarters.

However, there are some areas of concern for Modison. The company's Debtors Turnover Ratio for the half-yearly period is at its lowest in the last five periods, at 5.63 times. This indicates that the company's pace of settling its debtors has slowed down.

MarketsMOJO, a leading financial analysis platform, has given a 'Hold' call for Modison's stock. While the company's financial performance may not be at its best currently, it is important to note that Modison is a microcap company and may have potential for growth in the future. Investors are advised to do their own research and make informed decisions.