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Balance sheet of Indo Borax & Chem. is strong.
It shouldn't have solvency or liquidity issues.
Yes, The debt of Indo Borax & Chem. is increasing.
Latest debt of Indo Borax & Chem. is -₹110.52 Crs as of Sep-24.
This is greater than Mar-24 when it was -₹240.71 Crs.
The profit is oscillating.
The profit of Indo Borax & Chem. is ₹43.71 Crs for TTM, ₹38.98 Crs for Mar 2024 and ₹51.11 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.
Indo Borax & Chem. latest dividend payout ratio is 8.23% and 3yr average dividend payout ratio is 7.69%
Companies resources are allocated to majorly unproductive assets like Cash & Short Term Investments