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Balance sheet of HPCL is strong.
But short term working capital might become an issue for this company.
Yes, The debt of HPCL is increasing.
Latest debt of HPCL is ₹68,008 Crs as of Sep-24.
This is greater than Mar-24 when it was ₹61,874 Crs.
The profit is oscillating.
The profit of HPCL is ₹6,351 Crs for TTM, ₹16,015 Crs for Mar 2024 and -₹6,980.23 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.
HPCL latest dividend payout ratio is 27.9% and 3yr average dividend payout ratio is 27.56%
Companies resources are majorly tied in miscellaneous assets