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Balance sheet of Nitin Castings is strong.
It shouldn't have solvency or liquidity issues.
The debt of Nitin Castings is decreasing.
Latest debt of Nitin Castings is ₹0.05 Crs as of Sep-24.
This is less than Mar-24 when it was ₹4.21 Crs.
Yes, profit is increasing.
The profit of Nitin Castings is ₹12.27 Crs for TTM, ₹12.13 Crs for Mar 2024 and ₹4.89 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.
Nitin Castings latest dividend payout ratio is 12.72% and 3yr average dividend payout ratio is 8.53%
Companies resources are allocated to majorly unproductive assets like Cash & Short Term Investments