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Sambandam Spg. Mills balance sheet is weak and might have solvency issues
The debt of Sambandam Spg. Mills is decreasing.
Latest debt of Sambandam Spg. Mills is ₹111 Crs as of Sep-24.
This is less than Mar-24 when it was ₹113 Crs.
The profit is oscillating.
The profit of Sambandam Spg. Mills is -₹8.93 Crs for TTM, -₹7.85 Crs for Mar 2024 and -₹11.73 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.
Sambandam Spg. Mills latest dividend payout ratio is 14.08% and 3yr average dividend payout ratio is 14.08%
Companies resources are majorly tied in miscellaneous assets