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Balance sheet of Cravatex is strong.
It shouldn't have solvency or liquidity issues.
Yes, The debt of Cravatex is increasing.
Latest debt of Cravatex is -₹73.14 Crs as of Sep-24.
This is greater than Mar-24 when it was -₹152.1 Crs.
No, profit is decreasing.
The profit of Cravatex is ₹3.89 Crs for TTM, ₹4.83 Crs for Mar 2024 and ₹58.93 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.
Cravatex latest dividend payout ratio is 16.06% and 3yr average dividend payout ratio is 8.36%
Companies resources are majorly tied in miscellaneous assets