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Azad India Mobility balance sheet is weak and might have solvency issues
Yes, The debt of Azad India Mobility is increasing.
Latest debt of Azad India Mobility is -₹20.78 Crs as of Sep-24.
This is greater than Mar-24 when it was -₹85.85 Crs.
The profit is oscillating.
The profit of Azad India Mobility is -₹1.21 Crs for Mar 2024, -₹0.09 Crs for Mar 2023 and -₹0.18 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.
Azad India Mobility latest dividend payout ratio is 0% and 3yr average dividend payout ratio is 0%
Companies resources are allocated to majorly unproductive assets like Cash & Short Term Investments