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Balance sheet of Chennai Petrol. Corp is strong.
But short term working capital might become an issue for this company.
Yes, The debt of Chennai Petrol. Corp is increasing.
Latest debt of Chennai Petrol. Corp is ₹5,893 Crs as of Sep-24.
This is greater than Mar-24 when it was ₹2,573 Crs.
No, profit is decreasing.
The profit of Chennai Petrol. Corp is ₹667 Crs for TTM, ₹2,745 Crs for Mar 2024 and ₹3,532 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.
Chennai Petrol. Corp latest dividend payout ratio is 29.84% and 3yr average dividend payout ratio is 14.47%
Companies resources are majorly tied in miscellaneous assets