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Carnation Inds balance sheet is weak and might have solvency issues
The debt of Carnation Inds is decreasing.
Latest debt of Carnation Inds is ₹0.29 Crs as of Sep-24.
This is less than Mar-23 when it was ₹1.71 Crs.
The profit is oscillating.
The profit of Carnation Inds is -₹0.93 Crs for TTM, -₹1.22 Crs for Mar 2023 and -₹0.76 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.
Carnation Inds latest dividend payout ratio is 0% and 3yr average dividend payout ratio is 0%
Companies resources are majorly tied in miscellaneous assets