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Balance sheet of Neogen Chemicals is strong.
But short term working capital might become an issue for this company.
Yes, The debt of Neogen Chemicals is increasing.
Latest debt of Neogen Chemicals is ₹497 Crs as of Sep-24.
This is greater than Mar-24 when it was ₹369 Crs.
The profit is oscillating.
The profit of Neogen Chemicals is ₹49.2 Crs for TTM, ₹35.65 Crs for Mar 2024 and ₹49.97 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.
Neogen Chemicals latest dividend payout ratio is 14.8% and 3yr average dividend payout ratio is 15.05%
Companies resources are allocated to majorly productive assets like Plant & Machinery