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Nuvama Wealth balance sheet is weak and might have solvency issues
Yes, The debt of Nuvama Wealth is increasing.
Latest debt of Nuvama Wealth is -₹13,500.21 Crs as of Sep-24.
This is greater than Mar-24 when it was -₹18,480.86 Crs.
Yes, profit is increasing.
The profit of Nuvama Wealth is ₹908 Crs for TTM, ₹625 Crs for Mar 2024 and ₹305 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.
Nuvama Wealth latest dividend payout ratio is 0% and 3yr average dividend payout ratio is 0%
Companies resources are allocated to majorly unproductive assets like Cash & Short Term Investments