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Bihar Sponge Iron balance sheet is weak and might have solvency issues
Yes, The debt of Bihar Sponge Iron is increasing.
Latest debt of Bihar Sponge Iron is ₹110 Crs as of Sep-24.
This is greater than Mar-24 when it was ₹84.41 Crs.
The profit is oscillating.
The profit of Bihar Sponge Iron is ₹11.53 Crs for TTM, ₹7.44 Crs for Mar 2024 and ₹12.14 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.
Bihar Sponge Iron latest dividend payout ratio is 0% and 3yr average dividend payout ratio is 0%
Companies resources are allocated to majorly unproductive assets like Inventory