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Balance sheet of Auto.Axle is strong.
It shouldn't have solvency or liquidity issues.
Yes, The debt of Auto.Axle is increasing.
Latest debt of Auto.Axle is -₹25.14 Crs as of Sep-24.
This is greater than Mar-24 when it was -₹160.3 Crs.
The profit is oscillating.
The profit of Auto.Axle is ₹154 Crs for TTM, ₹166 Crs for Mar 2024 and ₹162 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.
Auto.Axle latest dividend payout ratio is 29.1% and 3yr average dividend payout ratio is 29.81%
Companies resources are allocated to majorly unproductive assets like Cash & Short Term Investments, Short Term Loans & Advances