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Balance sheet of NOCIL is strong.
It shouldn't have solvency or liquidity issues.
Yes, The debt of NOCIL is increasing.
Latest debt of NOCIL is -₹26.36 Crs as of Sep-24.
This is greater than Mar-24 when it was -₹190.97 Crs.
No, profit is decreasing.
The profit of NOCIL is ₹124 Crs for TTM, ₹133 Crs for Mar 2024 and ₹149 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.
NOCIL latest dividend payout ratio is 37.59% and 3yr average dividend payout ratio is 33.16%
Companies resources are majorly tied in miscellaneous assets