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Balance sheet of Anik Industries is strong.
It shouldn't have solvency or liquidity issues.
The debt of Anik Industries is decreasing.
Latest debt of Anik Industries is ₹3.65 Crs as of Sep-24.
This is less than Mar-24 when it was ₹3.98 Crs.
No, profit is decreasing.
The profit of Anik Industries is -₹0.52 Crs for TTM, ₹0.3 Crs for Mar 2024 and ₹5.08 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.
Anik Industries 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 Capital Work in Progress, Short Term Loans & Advances