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NXTDigital balance sheet is weak and might have solvency issues
Yes, The debt of NXTDigital is increasing.
Latest debt of NXTDigital is -₹9.24 Crs as of Mar-24.
This is greater than Mar-23 when it was -₹22.6 Crs.
Yes, profit is increasing.
The profit of NXTDigital is ₹1.62 Crs for Mar 2024, ₹0.27 Crs for Mar 2023 and -₹41.46 Crs for Mar 2022
The company seems to be paying a very low dividend.
Investors need to see where the company is allocating its profits.
NXTDigital latest dividend payout ratio is 208.38% and 3yr average dividend payout ratio is 1332.69%
Companies resources are majorly tied in miscellaneous assets