Scoobee Garments India Reports Mixed Financial Results for Q4 2023

Scoobee Day Garments India, a microcap company in the paper and paper products industry, recently announced its financial results for the quarter ending December 2023. The company's stock has been given a 'Strong Sell' call by MarketsMOJO.

According to the financial report, Scoobee Garments has shown a flat performance in the last quarter of 2023. However, there has been an improvement in the company's score, which has increased from 0 to 4 in the last three months.

One of the positive aspects of Scoobee Garments' financials is its Profit After Tax (PAT) for the half-yearly period, which has grown by 81.56% year on year, reaching Rs 3.25 crore. This trend is highly encouraging for the company. Additionally, the Debtors Turnover Ratio for the same period is at its highest at 61.12 times in the last five half-yearly periods, indicating that the company has been able to settle its debtors at a faster rate.

However, the company's Cash and Cash Equivalents for the half-yearly period is at its lowest at Rs 1.30 crore in the last six half-yearly periods. This suggests that the company's short-term liquidity is deteriorating.

Overall, Scoobee Garments' financial performance for the quarter ending December 2023 has been mixed. While there are some positive indicators, there are also areas that need improvement. Investors should carefully consider these factors before making any investment decisions.