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Kanoria Chem. & Inds balance sheet is weak and might have solvency issues
Yes, The debt of Kanoria Chem. & Inds is increasing.
Latest debt of Kanoria Chem. & Inds is ₹529 Crs as of Sep-24.
This is greater than Mar-24 when it was ₹480 Crs.
No, profit is decreasing.
The profit of Kanoria Chem. & Inds is -₹83.73 Crs for TTM, -₹38.4 Crs for Mar 2024 and -₹8.77 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.
Kanoria Chem. & Inds latest dividend payout ratio is 64.01% and 3yr average dividend payout ratio is 64.01%
Companies resources are majorly tied in miscellaneous assets