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Ajel balance sheet is weak and might have solvency issues
Yes, The debt of Ajel is increasing.
Latest debt of Ajel is ₹10.51 Crs as of Sep-24.
This is greater than Mar-24 when it was ₹9.5 Crs.
The profit is oscillating.
The profit of Ajel is -₹1.34 Crs for TTM, -₹1.85 Crs for Mar 2024 and ₹0.81 Crs for Mar 2023.
The company seems to be paying a very low dividend.
Investors need to see where the company is allocating its profits.
Ajel latest dividend payout ratio is 0% and 3yr average dividend payout ratio is 0%
Companies resources are allocated to majorly unproductive assets like Capital Work in Progress, Short Term Loans & Advances