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Balance sheet of Oil India is moderately strong, But short term working capital might become an issue for this company.
Yes, The debt of Oil India is increasing.
Latest debt of Oil India is ₹19,300 Crs as of Sep-24.
This is greater than Mar-24 when it was ₹11,766 Crs.
The profit is oscillating.
The profit of Oil India is ₹7,303 Crs for TTM, ₹6,335 Crs for Mar 2024 and ₹8,729 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.
Oil India latest dividend payout ratio is 24.82% and 3yr average dividend payout ratio is 25.72%
Companies resources are allocated to majorly unproductive assets like Capital Work in Progress