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Iconik Sports & Even balance sheet is weak and might have solvency issues
The debt of Iconik Sports & Even is decreasing.
Latest debt of Iconik Sports & Even is ₹0 Crs as of Sep-24.
This is less than Mar-24 when it was ₹2.69 Crs.
No, profit is decreasing.
The profit of Iconik Sports & Even is -₹0.06 Crs for Mar 2024, ₹0.06 Crs for Mar 2023 and ₹0.12 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.
Iconik Sports & Even 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