Shiva Mills Reports Strong Financial Performance in Q1 2024 Despite 'Sell' Call from MarketsMOJO

Shiva Mills, a microcap textile company, has recently announced its financial results for the quarter ending March 2024. The company has received a 'Sell' call from MarketsMOJO, a leading financial analysis platform.

Despite this, Shiva Mills has shown a positive performance in the quarter, with its score improving from 0 to 7 in the last 3 months. This is a significant improvement and reflects the company's efforts to strengthen its financials.

One of the key factors contributing to this positive performance is the company's net sales, which have reached a five-quarter high of Rs 47.32 crore. This is a 24.13% increase from the previous year, indicating a positive sales trend in the near term.

Moreover, Shiva Mills has also shown improvement in its operating profit, with the highest PBDIT (Profit Before Depreciation, Interest, and Taxes) of Rs 1.93 crore in the last five quarters. This reflects the company's efficiency and positive trend in its operating profit.

The company's operating profit margin has also reached a five-quarter high of 4.08%, indicating an improvement in its efficiency. Additionally, the company's PBT (Profit Before Tax) trend is also positive, with the highest PBT of Rs -0.08 crore in the last five quarters.

Shiva Mills has also shown a positive trend in its PAT (Profit After Tax), with the highest PAT of Rs 0.45 crore in the last five quarters. This reflects the company's profitability and its ability to generate higher earnings for its shareholders.

In conclusion, Shiva Mills has shown a positive financial performance in the quarter ending March 2024, with improvements in its net sales, operating profit, and profitability. While MarketsMOJO has given a 'Sell' call, the company's financials suggest a positive outlook for the near term.