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Sobha balance sheet is weak and might have solvency issues
The debt of Sobha is decreasing.
Latest debt of Sobha is ₹221 Crs as of Sep-24.
This is less than Mar-24 when it was ₹572 Crs.
The profit is oscillating.
The profit of Sobha is ₹60.86 Crs for TTM, ₹49.11 Crs for Mar 2024 and ₹104 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.
Sobha latest dividend payout ratio is 57.94% and 3yr average dividend payout ratio is 33.89%
Companies resources are allocated to majorly unproductive assets like Inventory