Shish Industries' Financial Results Show Mixed Performance, Investors Urged to Analyze Carefully

Shish Industries, a microcap company in the plastic products industry, recently declared its financial results for the quarter ending September 2024. According to the report released on October 25, 2024, the stock call for Shish Industries by MarketsMOJO is 'Sell'.

The company's financial performance for the quarter has remained flat, with a score of 2 compared to 17 in the previous 3 months. However, there are some positive aspects to note from the financials.

Shish Industries has shown a growth in net sales for the half-yearly period, with a 20.07% increase year on year. The near-term sales trend is also positive. The profit after tax (PAT) for the same period has also seen a growth of 30.79% year on year, with a positive near-term trend.

On the other hand, there are some areas of concern in the financials. The profit before tax less other income (PBT) for the quarter has fallen by 119.48% year on year, with a very negative near-term trend. The operating profit (PBDIT) for the quarter is at its lowest in the last five quarters, with a negative near-term trend. The operating profit margin for the quarter is also at its lowest in the last five quarters, indicating a deterioration in the company's efficiency.

Moreover, the non-operating income for the quarter is 118.52% of the profit before tax (PBT), which suggests that the company's income from non-business activities is high. This may not be a sustainable business model. The non-operating income for the quarter is also at its highest in the last five quarters, which may not be sustainable in the long run.

In conclusion, Shish Industries has shown some positive growth in its net sales and profit after tax, but there are concerns regarding its profit before tax, operating profit, and non-operating income. Investors are advised to carefully consider these factors before making any investment decisions.