Alerts will be sent to your verified email
Verify EmailLAGNAM
Lagnam Spintex balance sheet is weak and might have solvency issues
Yes, The debt of Lagnam Spintex is increasing.
Latest debt of Lagnam Spintex is ₹388 Crs as of Mar-25.
This is greater than Mar-24 when it was ₹377 Crs.
The profit is oscillating.
The profit of Lagnam Spintex is ₹12.85 Crs for TTM, ₹14.57 Crs for Mar 2024 and ₹9.76 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.
Lagnam Spintex latest dividend payout ratio is 6.06% and 3yr average dividend payout ratio is 6.1%
Companies resources are allocated to majorly productive assets like Plant & Machinery