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Flex Foods balance sheet is weak and might have solvency issues
Yes, The debt of Flex Foods is increasing.
Latest debt of Flex Foods is ₹277 Crs as of Sep-24.
This is greater than Mar-24 when it was ₹258 Crs.
No, profit is decreasing.
The profit of Flex Foods is -₹29.01 Crs for TTM, -₹25.93 Crs for Mar 2024 and -₹10.6 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.
Flex Foods latest dividend payout ratio is 13.66% and 3yr average dividend payout ratio is 13.66%
Companies resources are allocated to majorly productive assets like Plant & Machinery and unproductive assets like Inventory, Accounts Receivable