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Balance sheet of Ashapura Logistics is strong.
It shouldn't have solvency or liquidity issues.
Yes, The debt of Ashapura Logistics is increasing.
Latest debt of Ashapura Logistics is ₹33.81 Crs as of Sep-24.
This is greater than Mar-24 when it was ₹30.28 Crs.
Yes, profit is increasing.
The profit of Ashapura Logistics is ₹12.44 Crs for TTM, ₹12.36 Crs for Mar 2024 and ₹9.44 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.
Ashapura Logistics 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