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Norris Medicines balance sheet is weak and might have solvency issues
Yes, The debt of Norris Medicines is increasing.
Latest debt of Norris Medicines is ₹21.46 Crs as of Mar-24.
This is greater than Mar-23 when it was ₹21.38 Crs.
Yes, profit is increasing.
The profit of Norris Medicines is -₹0.84 Crs for TTM, -₹1.19 Crs for Mar 2024 and -₹1.75 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.
Norris Medicines latest dividend payout ratio is 0% and 3yr average dividend payout ratio is 0%
Companies resources are allocated to majorly unproductive assets like Inventory