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NMDC Steel balance sheet is weak and might have solvency issues
Yes, The debt of NMDC Steel is increasing.
Latest debt of NMDC Steel is ₹5,774 Crs as of Sep-24.
This is greater than Mar-24 when it was ₹5,209 Crs.
No, profit is decreasing.
The profit of NMDC Steel is -₹2,761.23 Crs for TTM, -₹1,560.32 Crs for Mar 2024 and ₹0 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.
NMDC Steel 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 Inventory