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Ankit Metal & Power balance sheet is weak and might have solvency issues
Yes, The debt of Ankit Metal & Power is increasing.
Latest debt of Ankit Metal & Power is ₹1,104 Crs as of Sep-23.
This is greater than Mar-23 when it was ₹1,103 Crs.
No, profit is decreasing.
The profit of Ankit Metal & Power is -₹256.8 Crs for TTM, -₹98.75 Crs for Mar 2023 and -₹51.62 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.
Ankit Metal & Power latest dividend payout ratio is 0% and 3yr average dividend payout ratio is 0%
Companies resources are majorly tied in miscellaneous assets