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Lucent Industries balance sheet is weak and might have solvency issues
The debt of Lucent Industries is decreasing.
Latest debt of Lucent Industries is -₹2.97 Crs as of Sep-24.
This is less than Mar-24 when it was ₹4.99 Crs.
No, profit is decreasing.
The profit of Lucent Industries is -₹0.12 Crs for Mar 2024, -₹0.09 Crs for Mar 2023 and -₹0.06 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.
Lucent Industries latest dividend payout ratio is 0% and 3yr average dividend payout ratio is 0%
Companies resources are allocated to majorly unproductive assets like Short Term Loans & Advances