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Balance sheet of New Light Apparels is strong.
It shouldn't have solvency or liquidity issues.
The debt of New Light Apparels is decreasing.
Latest debt of New Light Apparels is ₹0.04 Crs as of Jun-24.
This is less than Mar-24 when it was ₹1.47 Crs.
Yes, profit is increasing.
The profit of New Light Apparels is ₹0.97 Crs for TTM, ₹0.37 Crs for Mar 2024 and -₹0.52 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.
New Light Apparels latest dividend payout ratio is 0% and 3yr average dividend payout ratio is 0%
Companies resources are allocated to majorly productive assets like Plant & Machinery and unproductive assets like Cash & Short Term Investments, Inventory