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Balance sheet of TN Petro Products is strong.
It shouldn't have solvency or liquidity issues.
Yes, The debt of TN Petro Products is increasing.
Latest debt of TN Petro Products is -₹330.06 Crs as of Sep-24.
This is greater than Mar-24 when it was -₹840.99 Crs.
No, profit is decreasing.
The profit of TN Petro Products is ₹43.76 Crs for TTM, ₹50.06 Crs for Mar 2024 and ₹94.18 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 Petro Products latest dividend payout ratio is 21.57% and 3yr average dividend payout ratio is 17.1%
Companies resources are majorly tied in miscellaneous assets