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Balance sheet of AK Spintex is strong.
But short term working capital might become an issue for this company.
The debt of AK Spintex is decreasing.
Latest debt of AK Spintex is ₹9.5 Crs as of Sep-24.
This is less than Mar-23 when it was ₹9.91 Crs.
The profit is oscillating.
The profit of AK Spintex is ₹6.65 Crs for TTM, ₹7.32 Crs for Mar 2023 and ₹1.81 Crs for Mar 2022.
The company seems to be paying a very low dividend.
Investors need to see where the company is allocating its profits.
AK Spintex latest dividend payout ratio is 0% and 3yr average dividend payout ratio is 0%
Companies resources are allocated to majorly productive assets like Plant & Machinery and unproductive assets like Accounts Receivable