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Gokak Textiles balance sheet is weak and might have solvency issues
The debt of Gokak Textiles is decreasing.
Latest debt of Gokak Textiles is ₹299 Crs as of Sep-24.
This is less than Mar-24 when it was ₹401 Crs.
The profit is oscillating.
The profit of Gokak Textiles is -₹26.78 Crs for TTM, -₹15.26 Crs for Mar 2024 and -₹30.5 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.
Gokak Textiles latest dividend payout ratio is 0% and 3yr average dividend payout ratio is 0%
Companies resources are majorly tied in miscellaneous assets