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Balance sheet of Onward Technologies is strong.
It shouldn't have solvency or liquidity issues.
Yes, The debt of Onward Technologies is increasing.
Latest debt of Onward Technologies is -₹23.34 Crs as of Sep-24.
This is greater than Mar-24 when it was -₹62.94 Crs.
The profit is oscillating.
The profit of Onward Technologies is ₹23.34 Crs for TTM, ₹33.92 Crs for Mar 2024 and ₹11.48 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.
Onward Technologies latest dividend payout ratio is 33.2% and 3yr average dividend payout ratio is 39.79%
Companies resources are allocated to majorly unproductive assets like Short Term Loans & Advances