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Mindspace Business balance sheet is weak and might have solvency issues
Yes, The debt of Mindspace Business is increasing.
Latest debt of Mindspace Business is ₹5,753 Crs as of Mar-24.
This is greater than Mar-23 when it was ₹4,600 Crs.
The profit is oscillating.
The profit of Mindspace Business is ₹525 Crs for Mar 2024, ₹284 Crs for Mar 2023 and ₹424 Crs for Mar 2022
The company seems to be paying a very low dividend.
Investors need to see where the company is allocating its profits.
Mindspace Business latest dividend payout ratio is 0% and 3yr average dividend payout ratio is 0%
Companies resources are allocated to majorly unproductive assets like Capital Work in Progress