Neelkanth Ltd

Neelkanth, a microcap trading company, reported a stable financial performance for the quarter ending September 30, 2024, with a score of 0 compared to -2 in the previous quarter. MarketsMOJO has given a 'Sell' call for the company's stock based on its financial performance and market trends. Investors should conduct their own research before making any investment decisions.

Microcap trading company Neelkanth has announced its financial results for the quarter ending March 2024, with a 'Sell' call from MarketsMOJO. While the company's PAT for the nine-month period has improved, its PBDIT and PBT for the quarter are at their lowest in the last five quarters. EPS has also declined, indicating a mixed performance for investors to consider.

Neelkanth's revenue has grown by 2.5% in the last quarter, reaching Rs 1.2 cr. The company has a low debt to equity ratio of 0.01 and a positive cash flow of Rs 0.08 cr, indicating a strong financial position. However, MarketsMOJO has given a 'Strong Sell' call for their stock, citing flat financial performance and low profitability.

Neelkanth, a microcap trading company, has been downgraded to 'Strong Sell' by MarketsMOJO due to weak fundamental strength, low profitability, and underperformance in the market. With a concerning trend of low CAGR growth in net sales and high debt to EBITDA ratio, investors may want to reconsider their investment in this company.