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Balance sheet of SIRCA Paints India is strong.
It shouldn't have solvency or liquidity issues.
Yes, The debt of SIRCA Paints India is increasing.
Latest debt of SIRCA Paints India is -₹69.31 Crs as of Sep-24.
This is greater than Mar-24 when it was -₹129.48 Crs.
The profit is oscillating.
The profit of SIRCA Paints India is ₹47.46 Crs for TTM, ₹51.43 Crs for Mar 2024 and ₹46.11 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.
SIRCA Paints India latest dividend payout ratio is 15.98% and 3yr average dividend payout ratio is 14.89%
Companies resources are majorly tied in miscellaneous assets