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Balance sheet of ICRA is strong.
It shouldn't have solvency or liquidity issues.
Yes, The debt of ICRA is increasing.
Latest debt of ICRA is -₹215.78 Crs as of Sep-24.
This is greater than Mar-24 when it was -₹309.27 Crs.
Yes, profit is increasing.
The profit of ICRA is ₹162 Crs for TTM, ₹151 Crs for Mar 2024 and ₹135 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.
ICRA latest dividend payout ratio is 63.88% and 3yr average dividend payout ratio is 60.24%
Companies resources are allocated to majorly productive assets like Plant & Machinery and unproductive assets like Cash & Short Term Investments