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Balance sheet of HLE Glascoat is strong.
But short term working capital might become an issue for this company.
Yes, The debt of HLE Glascoat is increasing.
Latest debt of HLE Glascoat is ₹278 Crs as of Sep-24.
This is greater than Mar-24 when it was ₹271 Crs.
The profit is oscillating.
The profit of HLE Glascoat is ₹44.92 Crs for TTM, ₹29.69 Crs for Mar 2024 and ₹69.81 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.
HLE Glascoat latest dividend payout ratio is 25.29% and 3yr average dividend payout ratio is 15.93%
Companies resources are allocated to majorly productive assets like Plant & Machinery