Sky Industries Reports Strong Financial Results, Receives 'Strong Buy' Call from MarketsMOJO

Sky Industries, a microcap company in the fasteners industry, has recently announced its financial results for the quarter ending March 2024. The results have been declared on August 14, 2024 and have received a 'Strong Buy' call from MarketsMOJO.

The company has shown a very positive performance in the quarter, with its score improving from 14 to 21 in the last three months. This is a testament to the company's strong financials and growth potential.

One of the key factors contributing to Sky Industries' success is its operating cash flow, which has been consistently growing over the last three years. In the last quarter, the company generated the highest operating cash flow of Rs 8.55 crore, indicating a strong revenue stream from its business operations.

The company's net sales have also been on an upward trend, with the last quarter recording the highest sales of Rs 21.93 crore in the last five quarters. This shows a positive sales trend in the near term.

Sky Industries has also shown a strong performance in terms of operating profit, with the last quarter recording the highest PBDIT (Profit Before Depreciation, Interest, and Taxes) of Rs 2.16 crore. The trend for operating profit is also positive in the near term.

The company's profitability has also improved, with the last quarter recording the highest PBT (Profit Before Tax less Other Income) of Rs 1.45 crore and PAT (Profit After Tax) of Rs 1.59 crore in the last five quarters. This has resulted in a higher EPS (Earnings per Share) of Rs 2.02, indicating a strong return for shareholders.

Sky Industries has also been able to improve its short-term liquidity, with the last six half-yearly periods recording the highest cash and cash equivalents of Rs 5.32 crore. Additionally, the company has been able to settle its debtors faster, with the highest debtors turnover ratio of 6.87 times in the last five half-yearly periods.

In terms of shareholder returns, Sky Industries has consistently distributed higher dividends from its profits, with the last five years recording the highest DPS (Dividend per Share) of Rs 1.00.

Overall, Sky Industries has shown a strong financial performance in the last quarter, with positive trends in key areas such as sales, profitability, and liquidity. With a 'Strong Buy' call from MarketsMOJO, the company is poised for continued growth and success in the fasteners industry.