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SAIL balance sheet is weak and might have solvency issues
The debt of SAIL is decreasing.
Latest debt of SAIL is ₹34,856 Crs as of Sep-24.
This is less than Mar-24 when it was ₹34,988 Crs.
The profit is oscillating.
The profit of SAIL is ₹1,986 Crs for TTM, ₹3,067 Crs for Mar 2024 and ₹2,177 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.
SAIL latest dividend payout ratio is 26.94% and 3yr average dividend payout ratio is 28.31%
Companies resources are allocated to majorly unproductive assets like Inventory