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India Power Corpn. balance sheet is weak and might have solvency issues
The debt of India Power Corpn. is decreasing.
Latest debt of India Power Corpn. is ₹131 Crs as of Sep-24.
This is less than Mar-24 when it was ₹148 Crs.
The profit is oscillating.
The profit of India Power Corpn. is ₹16.06 Crs for TTM, ₹17.18 Crs for Mar 2024 and ₹15.84 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.
India Power Corpn. latest dividend payout ratio is 28.34% and 3yr average dividend payout ratio is 30.25%
Companies resources are allocated to majorly unproductive assets like Accounts Receivable, Short Term Loans & Advances