Sirca Paints India Reports Positive Net Sales, Mixed Performance in Q2 FY25
Sirca Paints India, a smallcap company in the paints industry, has recently declared its financial results for the quarter ending September 2024. The stock call for the company by MarketsMOJO is ‘Hold’.
According to the financial report, Sirca Paints has shown a flat performance in the second quarter of the fiscal year 2024-25. However, there has been an improvement in the company’s score from -7 to -1 in the last three months.
The company’s net sales for the quarter were the highest in the last five quarters at Rs 105.50 crore, showing a positive trend in the near term. The net sales have also grown by 33.0% compared to the average net sales of the previous four quarters, which were at Rs 79.35 crore.
On the other hand, the debtors turnover ratio for the half-yearly period was the lowest in the last five periods at 3.93 times. This indicates that the company’s pace of settling its debtors has slowed down.
Overall, Sirca Paints India has shown a mixed performance in the recent quarter, with positive trends in net sales but a slowdown in debtors turnover. Investors are advised to hold their position in the company’s stock, as suggested by MarketsMOJO.
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