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Sungold Media&Enter balance sheet is weak and might have solvency issues
Yes, The debt of Sungold Media&Enter is increasing.
Latest debt of Sungold Media&Enter is -₹0.22 Crs as of Sep-24.
This is greater than Mar-24 when it was -₹0.57 Crs.
Yes, profit is increasing.
The profit of Sungold Media&Enter is ₹0.03 Crs for Mar 2024, ₹0.02 Crs for Mar 2023 and ₹0.01 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.
Sungold Media&Enter latest dividend payout ratio is 0% and 3yr average dividend payout ratio is 0%
Companies resources are allocated to majorly unproductive assets like Cash & Short Term Investments, Capital Work in Progress, Short Term Loans & Advances