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Balance sheet of Fine Organic Inds. is strong.
It shouldn't have solvency or liquidity issues.
Yes, The debt of Fine Organic Inds. is increasing.
Latest debt of Fine Organic Inds. is -₹1,056.21 Crs as of Sep-24.
This is greater than Mar-24 when it was -₹2,096.96 Crs.
The profit is oscillating.
The profit of Fine Organic Inds. is ₹442 Crs for TTM, ₹412 Crs for Mar 2024 and ₹618 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.
Fine Organic Inds. latest dividend payout ratio is 7.44% and 3yr average dividend payout ratio is 7.51%
Companies resources are allocated to majorly unproductive assets like Cash & Short Term Investments