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Ugar Sugar Works balance sheet is weak and might have solvency issues
Yes, The debt of Ugar Sugar Works is increasing.
Latest debt of Ugar Sugar Works is ₹433 Crs as of Mar-24.
This is greater than Mar-23 when it was ₹310 Crs.
No, profit is decreasing.
The profit of Ugar Sugar Works is -₹49.97 Crs for TTM, ₹21.14 Crs for Mar 2024 and ₹103 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.
Ugar Sugar Works latest dividend payout ratio is 13.3% and 3yr average dividend payout ratio is 8.42%
Companies resources are allocated to majorly unproductive assets like Inventory