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Balance sheet of Indigo Paints is strong.
It shouldn't have solvency or liquidity issues.
Yes, The debt of Indigo Paints is increasing.
Latest debt of Indigo Paints is -₹13.61 Crs as of Sep-24.
This is greater than Mar-24 when it was -₹62.58 Crs.
The profit is oscillating.
The profit of Indigo Paints is ₹139 Crs for TTM, ₹147 Crs for Mar 2024 and ₹132 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.
Indigo Paints latest dividend payout ratio is 11.31% and 3yr average dividend payout ratio is 13.64%
Companies resources are allocated to majorly productive assets like Plant & Machinery