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Balance sheet of GMDC is strong.
It shouldn't have solvency or liquidity issues.
Yes, The debt of GMDC is increasing.
Latest debt of GMDC is -₹623.33 Crs as of Sep-24.
This is greater than Mar-24 when it was -₹1,020.79 Crs.
The profit is oscillating.
The profit of GMDC is ₹665 Crs for TTM, ₹617 Crs for Mar 2024 and ₹1,204 Crs for Mar 2023.
The company seems to pay a good stable dividend.
GMDC latest dividend payout ratio is 49.2% and 3yr average dividend payout ratio is 36.7%
Companies resources are allocated to majorly unproductive assets like Cash & Short Term Investments, Capital Work in Progress