Neil Industries shows strong financial growth.
MarketsMojo has given a 'Hold' stock call for Neil Industries, a microcap textile company, based on its strong financial performance in the September quarter. The company has shown growth in net sales, standalone net profit, and operating profit, with no interest expenses. Its operating cash flow has also been consistently increasing, resulting in higher profits for shareholders.
According to MarketsMOJO, a leading financial analysis platform, the stock call for Neil Industries is 'Hold'. This is based on the company's financial results for the quarter ended September 2023. The textile company, which falls under the microcap category, has shown a growth of 11.84% in net sales and 16.67% in standalone net profit compared to the previous quarter.The company's operating profit (PBDIT) has also seen a positive growth of 15.38% in the September quarter, compared to 18.18% in the June quarter. Additionally, Neil Industries has not incurred any interest expenses in the last few periods, which has improved its operating profit margin.
Neil Industries has shown a positive financial performance in the September quarter, with a score of 12 out of 15, compared to 11 in the previous quarter. This is a result of the company's strong operating cash flow, which has been consistently growing over the last three years.
The company's operating profit (PBDIT) and profit before tax (PBT) have also shown a positive trend in the last five quarters, with the highest figures recorded in the September quarter. This has resulted in a higher profit after tax (PAT) and earnings per share (EPS) for shareholders.
Based on these financial results, MarketsMOJO has recommended a 'Hold' call for Neil Industries. The company has shown promising growth in the textile industry and has created higher earnings for its shareholders.
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