Shivalik Bimetal's Q1 FY25 Financial Report Shows Mixed Results, Cash Reserves Increase

Shivalik Bimetal Controls, a smallcap company in the iron and steel industry, recently announced its financial results for the quarter ending March 2024. The company’s stock has been given a ‘Hold’ call by MarketsMOJO.

According to the financial report, Shivalik Bimetal’s performance for the quarter has been flat, with a score of -4 compared to -3 in the previous quarter. However, there are some positive aspects to the company’s financials. Its cash and cash equivalents have increased to Rs 38.89 crore, the highest in the last six half-yearly periods, indicating an improvement in short-term liquidity.

On the other hand, there are also some areas of concern for Shivalik Bimetal. Its Profit Before Tax (PBT) less Other Income has fallen by 10.8% compared to the average of the previous four quarters. The same trend can be seen in its Profit After Tax (PAT), which has fallen by 15.4% compared to the average of the previous four quarters. Additionally, the company’s net sales for the quarter were the lowest in the last five quarters, indicating a negative trend in the near term.

Another concerning factor is the company’s Debtors Turnover Ratio, which has decreased to 4.47 times in the last five half-yearly periods. This suggests that Shivalik Bimetal’s pace of settling its debtors has slowed down.

Overall, Shivalik Bimetal’s financial performance for the quarter ending March 2024 has been mixed, with some positive and negative aspects. Investors are advised to hold their position on the stock, as recommended by MarketsMOJO.