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Balance sheet of Indraprastha Gas is strong.
It shouldn't have solvency or liquidity issues.
Yes, The debt of Indraprastha Gas is increasing.
Latest debt of Indraprastha Gas is -₹1,824.63 Crs as of Sep-24.
This is greater than Mar-24 when it was -₹4,299.9 Crs.
The profit is oscillating.
The profit of Indraprastha Gas is ₹1,358 Crs for TTM, ₹1,985 Crs for Mar 2024 and ₹1,640 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.
Indraprastha Gas latest dividend payout ratio is 31.74% and 3yr average dividend payout ratio is 37.62%
Companies resources are allocated to majorly productive assets like Plant & Machinery and unproductive assets like Cash & Short Term Investments