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Ambitious Plasto balance sheet is weak and might have solvency issues
Yes, The debt of Ambitious Plasto is increasing.
Latest debt of Ambitious Plasto is ₹0.75 Crs as of Sep-24.
This is greater than Mar-24 when it was ₹0.74 Crs.
The profit is oscillating.
The profit of Ambitious Plasto is ₹0.06 Crs for Mar 2024, -₹0.48 Crs for Mar 2023 and -₹0.12 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.
Ambitious Plasto latest dividend payout ratio is 0% and 3yr average dividend payout ratio is 0%
Companies resources are allocated to majorly unproductive assets like Accounts Receivable