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Atlas Cycle(Haryana) balance sheet is weak and might have solvency issues
Yes, The debt of Atlas Cycle(Haryana) is increasing.
Latest debt of Atlas Cycle(Haryana) is ₹8.13 Crs as of Mar-24.
This is greater than Mar-23 when it was ₹7.97 Crs.
Yes, profit is increasing.
The profit of Atlas Cycle(Haryana) is ₹0.66 Crs for Mar 2024, -₹23.3 Crs for Mar 2023 and -₹28.75 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.
Atlas Cycle(Haryana) 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