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Balance sheet of Astral is strong.
But short term working capital might become an issue for this company.
Yes, The debt of Astral is increasing.
Latest debt of Astral is -₹250.1 Crs as of Sep-24.
This is greater than Mar-24 when it was -₹1,069.9 Crs.
The profit is oscillating.
The profit of Astral is ₹523 Crs for TTM, ₹546 Crs for Mar 2024 and ₹457 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.
Astral latest dividend payout ratio is 18.47% and 3yr average dividend payout ratio is 17.19%
Companies resources are allocated to majorly productive assets like Plant & Machinery