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Vardhman Polytex balance sheet is weak and might have solvency issues
The debt of Vardhman Polytex is decreasing.
Latest debt of Vardhman Polytex is ₹74.61 Crs as of Mar-24.
This is less than Mar-23 when it was ₹447 Crs.
The profit is oscillating.
The profit of Vardhman Polytex is -₹26.76 Crs for Mar 2024, ₹1.49 Crs for Mar 2023 and -₹15.56 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.
Vardhman Polytex latest dividend payout ratio is 0% and 3yr average dividend payout ratio is 0%
Companies resources are majorly tied in miscellaneous assets