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TN Newsprints balance sheet is weak and might have solvency issues
Yes, The debt of TN Newsprints is increasing.
Latest debt of TN Newsprints is ₹1,788 Crs as of Sep-24.
This is greater than Mar-24 when it was ₹1,700 Crs.
No, profit is decreasing.
The profit of TN Newsprints is ₹14.6 Crs for TTM, ₹208 Crs for Mar 2024 and ₹388 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.
TN Newsprints latest dividend payout ratio is 13.3% and 3yr average dividend payout ratio is 71.8%
Companies resources are majorly tied in miscellaneous assets