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Balance sheet of Finolex Cables is strong.
It shouldn't have solvency or liquidity issues.
Yes, The debt of Finolex Cables is increasing.
Latest debt of Finolex Cables is -₹124.2 Crs as of Sep-24.
This is greater than Mar-24 when it was -₹195.09 Crs.
The profit is oscillating.
The profit of Finolex Cables is ₹461 Crs for TTM, ₹652 Crs for Mar 2024 and ₹504 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.
Finolex Cables latest dividend payout ratio is 18.78% and 3yr average dividend payout ratio is 18.44%
Companies resources are allocated to majorly unproductive assets like Cash & Short Term Investments