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Purple Entertainment balance sheet is weak and might have solvency issues
Yes, The debt of Purple Entertainment is increasing.
Latest debt of Purple Entertainment is ₹4.5 Crs as of Sep-24.
This is greater than Mar-24 when it was -₹3.64 Crs.
No, profit is decreasing.
The profit of Purple Entertainment is ₹0.12 Crs for Mar 2024, ₹0.17 Crs for Mar 2023 and ₹0.3 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.
Purple Entertainment latest dividend payout ratio is 0% and 3yr average dividend payout ratio is 0%
Companies resources are allocated to majorly unproductive assets like Short Term Loans & Advances