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TPL India balance sheet is weak and might have solvency issues
Yes, The debt of TPL India is increasing.
Latest debt of TPL India is ₹17.13 Crs as of Sep-24.
This is greater than Mar-24 when it was ₹15.34 Crs.
The profit is oscillating.
The profit of TPL India is ₹0.46 Crs for Mar 2024, ₹15.87 Crs for Mar 2023 and -₹0.97 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.
TPL India latest dividend payout ratio is 0% and 3yr average dividend payout ratio is 0%
Companies resources are allocated to majorly productive assets like Plant & Machinery and unproductive assets like Inventory