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Nova Iron & Steel balance sheet is weak and might have solvency issues
Yes, The debt of Nova Iron & Steel is increasing.
Latest debt of Nova Iron & Steel is ₹394 Crs as of Mar-24.
This is greater than Mar-23 when it was ₹329 Crs.
The profit is oscillating.
The profit of Nova Iron & Steel is ₹2.28 Crs for Mar 2018, ₹2.57 Crs for Mar 2017 and -₹4.45 Crs for Mar 2016
The company seems to be paying a very low dividend.
Investors need to see where the company is allocating its profits.
Nova Iron & Steel latest dividend payout ratio is 0% and 3yr average dividend payout ratio is 0%
Companies resources are majorly tied in miscellaneous assets