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Balance sheet of Finolex Inds is strong.
It shouldn't have solvency or liquidity issues.
The debt of Finolex Inds is decreasing.
Latest debt of Finolex Inds is ₹236 Crs as of Sep-24.
This is less than Mar-24 when it was ₹319 Crs.
Yes, profit is increasing.
The profit of Finolex Inds is ₹770 Crs for TTM, ₹474 Crs for Mar 2024 and ₹251 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 Inds latest dividend payout ratio is 32.64% and 3yr average dividend payout ratio is 31.08%
Companies resources are majorly tied in miscellaneous assets