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Avax Apparels &Orna. balance sheet is weak and might have solvency issues
Yes, The debt of Avax Apparels &Orna. is increasing.
Latest debt of Avax Apparels &Orna. is ₹0.23 Crs as of Mar-24.
This is greater than Mar-23 when it was -₹0.68 Crs.
Yes, profit is increasing.
The profit of Avax Apparels &Orna. is ₹1.38 Crs for Mar 2024, ₹0.69 Crs for Mar 2023 and ₹0.01 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.
Avax Apparels &Orna. 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 and unproductive assets like Accounts Receivable