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Navoday Enterprises balance sheet is weak and might have solvency issues
Yes, The debt of Navoday Enterprises is increasing.
Latest debt of Navoday Enterprises is -₹0.8 Crs as of Mar-24.
This is greater than Mar-23 when it was -₹0.81 Crs.
The profit is oscillating.
The profit of Navoday Enterprises is ₹0.29 Crs for Mar 2024, ₹0.16 Crs for Mar 2023 and ₹0.44 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.
Navoday Enterprises latest dividend payout ratio is 0% and 3yr average dividend payout ratio is 0%
Companies resources are allocated to majorly unproductive assets like Accounts Receivable