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Kanco Tea & Inds. balance sheet is weak and might have solvency issues
Yes, The debt of Kanco Tea & Inds. is increasing.
Latest debt of Kanco Tea & Inds. is ₹41.69 Crs as of Sep-24.
This is greater than Mar-24 when it was ₹19.98 Crs.
The profit is oscillating.
The profit of Kanco Tea & Inds. is -₹7.85 Crs for TTM, -₹8.84 Crs for Mar 2024 and ₹8.74 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.
Kanco Tea & Inds. latest dividend payout ratio is 5.86% and 3yr average dividend payout ratio is 9.67%
Companies resources are majorly tied in miscellaneous assets