Pasari Spinning Reports Positive Growth in Half-Yearly Revenue and Improved Profitability

May 29 2024 09:10 PM IST
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Pasari Spinning's half yearly revenue of Rs 0.20 cr is higher than the previous 12 month period, indicating positive growth. The OPM for the same period is at 5.00%, showing improved profitability. The company's low debt to equity ratio of 0.01 suggests a strong financial position and low risk for investors. MarketsMojo has given a 'Sell' call for the stock, but investors should conduct their own research before making any decisions.
Revenue: Half yearly revenue stands at Rs 0.20 cr, which is higher than the preceding 12 month period ended Mar 2024 revenue of Rs 0.18 cr. This shows a positive growth trend for the company.
Operating Profit Margin (OPM): The OPM for the half year ended Mar 2024 is at 5.00%, which is higher than the preceding 12 month period ended Mar 2024 OPM of -5.00%. This indicates that the company has been able to improve its profitability.
Debt to Equity Ratio: The company has a low debt to equity ratio of 0.01, indicating a strong financial position and low risk for investors.
Based on these financials, MarketsMOJO has given a 'Sell' call for Pasari Spinning's stock. However, it is important to note that this is not a recommendation and investors should do their own research before making any investment decisions. With a microcap size, Pasari Spinning may have potential for growth in the future, but it is important to consider all factors before investing.
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