Balance sheet of Piotex Industries is strong.
It shouldn't have solvency or liquidity issues.

The debt of Piotex Industries is decreasing.
Latest debt of Piotex Industries is ₹1.89 Crs as of Sep-24.
This is less than Mar-23 when it was ₹2.83 Crs.

The profit is oscillating.
The profit of Piotex Industries is ₹1.63 Crs for TTM, ₹2.89 Crs for Mar 2023 and ₹0.74 Crs for Mar 2022.

The company seems to be paying a very low dividend.
Investors need to see where the company is allocating its profits.
Piotex Industries latest dividend payout ratio is 0% and 3yr average dividend payout ratio is 0%

Companies resources are allocated to majorly unproductive assets like Accounts Receivable, Short Term Loans & Advances