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Longview Tea balance sheet is weak and might have solvency issues
The debt of Longview Tea is decreasing.
Latest debt of Longview Tea is -₹0.34 Crs as of Mar-24.
This is less than Mar-23 when it was -₹0.01 Crs.
Yes, profit is increasing.
The profit of Longview Tea is ₹1.63 Crs for TTM, ₹1.52 Crs for Mar 2024 and -₹0.16 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.
Longview Tea latest dividend payout ratio is 0% and 3yr average dividend payout ratio is 0%
Companies resources are allocated to majorly unproductive assets like Cash & Short Term Investments