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Spice Islands Inds. balance sheet is weak and might have solvency issues
The debt of Spice Islands Inds. is decreasing.
Latest debt of Spice Islands Inds. is ₹0.28 Crs as of Mar-24.
This is less than Mar-23 when it was ₹0.48 Crs.
Yes, profit is increasing.
The profit of Spice Islands Inds. is ₹0.32 Crs for Mar 2024, -₹0.12 Crs for Mar 2023 and -₹1.32 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.
Spice Islands Inds. latest dividend payout ratio is 19.25% and 3yr average dividend payout ratio is 20.3%
Companies resources are majorly tied in miscellaneous assets