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Balance sheet of Haryana Leather Chem is strong.
It shouldn't have solvency or liquidity issues.
Yes, The debt of Haryana Leather Chem is increasing.
Latest debt of Haryana Leather Chem is -₹8.52 Crs as of Sep-24.
This is greater than Mar-24 when it was -₹17.26 Crs.
The profit is oscillating.
The profit of Haryana Leather Chem is ₹3.78 Crs for TTM, ₹4.62 Crs for Mar 2024 and ₹1.86 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.
Haryana Leather Chem latest dividend payout ratio is 10.63% and 3yr average dividend payout ratio is 18.5%
Companies resources are allocated to majorly unproductive assets like Cash & Short Term Investments