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Davangere Sugar Co balance sheet is weak and might have solvency issues
Yes, The debt of Davangere Sugar Co is increasing.
Latest debt of Davangere Sugar Co is ₹274 Crs as of Sep-24.
This is greater than Mar-24 when it was ₹258 Crs.
The profit is oscillating.
The profit of Davangere Sugar Co is ₹13.55 Crs for TTM, ₹12.24 Crs for Mar 2024 and ₹13.22 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.
Davangere Sugar Co latest dividend payout ratio is 0% and 3yr average dividend payout ratio is 0%
Companies resources are allocated to majorly unproductive assets like Inventory, Short Term Loans & Advances