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Gujchem Distillers balance sheet is weak and might have solvency issues
Yes, The debt of Gujchem Distillers is increasing.
Latest debt of Gujchem Distillers is ₹11.49 Crs as of Mar-23.
This is greater than Mar-22 when it was -₹2.53 Crs.
The profit is oscillating.
The profit of Gujchem Distillers is ₹0.04 Crs for Mar 2023, ₹0.39 Crs for Mar 2022 and ₹0.09 Crs for Mar 2021
The company seems to be paying a very low dividend.
Investors need to see where the company is allocating its profits.
Gujchem Distillers latest dividend payout ratio is 0% and 3yr average dividend payout ratio is 0%
Companies resources are allocated to majorly unproductive assets like Short Term Loans & Advances