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Balance sheet of Nandan Denim is strong.
It shouldn't have solvency or liquidity issues.
Yes, The debt of Nandan Denim is increasing.
Latest debt of Nandan Denim is ₹284 Crs as of Sep-24.
This is greater than Mar-24 when it was ₹219 Crs.
Yes, profit is increasing.
The profit of Nandan Denim is ₹49.96 Crs for TTM, ₹44.97 Crs for Mar 2024 and ₹0.53 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.
Nandan Denim 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, Capital Work in Progress, Accounts Receivable, Short Term Loans & Advances