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Next Mediaworks balance sheet is weak and might have solvency issues
Yes, The debt of Next Mediaworks is increasing.
Latest debt of Next Mediaworks is ₹206 Crs as of Sep-24.
This is greater than Mar-24 when it was ₹181 Crs.
The profit is oscillating.
The profit of Next Mediaworks is -₹22.18 Crs for Mar 2024, -₹14.15 Crs for Mar 2023 and -₹17.02 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.
Next Mediaworks latest dividend payout ratio is 0% and 3yr average dividend payout ratio is 0%
Companies resources are majorly tied in miscellaneous assets