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Balance sheet of IP Rings is moderately strong, But short term working capital might become an issue for this company.
Yes, The debt of IP Rings is increasing.
Latest debt of IP Rings is ₹73.64 Crs as of Sep-24.
This is greater than Mar-24 when it was ₹70.58 Crs.
The profit is oscillating.
The profit of IP Rings is -₹2.56 Crs for TTM, -₹3.23 Crs for Mar 2024 and ₹1.67 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.
IP Rings latest dividend payout ratio is 76.01% and 3yr average dividend payout ratio is 53.47%
Companies resources are majorly tied in miscellaneous assets