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Balance sheet of NGL Fine-Chem is strong.
It shouldn't have solvency or liquidity issues.
Yes, The debt of NGL Fine-Chem is increasing.
Latest debt of NGL Fine-Chem is ₹39.8 Crs as of Sep-24.
This is greater than Mar-24 when it was ₹30.79 Crs.
The profit is oscillating.
The profit of NGL Fine-Chem is ₹32.63 Crs for TTM, ₹41.16 Crs for Mar 2024 and ₹20.41 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.
NGL Fine-Chem latest dividend payout ratio is 2.63% and 3yr average dividend payout ratio is 3.36%
Companies resources are allocated to majorly unproductive assets like Accounts Receivable