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Balance sheet of Globe International is strong.
It shouldn't have solvency or liquidity issues.
Yes, The debt of Globe International is increasing.
Latest debt of Globe International is ₹23.49 Crs as of Sep-24.
This is greater than Mar-24 when it was ₹18.57 Crs.
Yes, profit is increasing.
The profit of Globe International is ₹3.11 Crs for TTM, ₹2.56 Crs for Mar 2024 and ₹1.92 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.
Globe International latest dividend payout ratio is 24.38% and 3yr average dividend payout ratio is 25.24%
Companies resources are majorly tied in miscellaneous assets