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Golden Tobacco balance sheet is weak and might have solvency issues
Yes, The net debt of Golden Tobacco is increasing.
Latest net debt of Golden Tobacco is -₹1.65 Crs as of Sep-21.
This is greater than Mar-21 when it was -₹4.51 Crs.
The profit is oscillating.
The profit of Golden Tobacco is ₹6.91 Crs for TTM, ₹7.63 Crs for Mar 2021 and -₹1.59 Crs for Mar 2020.
The company seems to be paying a very low dividend.
Investors need to see where the company is allocating its profits.
Golden Tobacco latest dividend payout ratio is 0% and 3yr average dividend payout ratio is 0%
Companies resources are allocated to majorly productive assets like Plant & Machinery and unproductive assets like Cash & Short Term Investments, Capital Work in Progress, Accounts Receivable, Short Term Loans & Advances