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Veejay Lakshmi Engg balance sheet is weak and might have solvency issues
Yes, The debt of Veejay Lakshmi Engg is increasing.
Latest debt of Veejay Lakshmi Engg is ₹34.4 Crs as of Sep-24.
This is greater than Mar-24 when it was ₹27.73 Crs.
Yes, profit is increasing.
The profit of Veejay Lakshmi Engg is -₹1.25 Crs for TTM, -₹4.58 Crs for Mar 2024 and -₹14 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.
Veejay Lakshmi Engg latest dividend payout ratio is 0% and 3yr average dividend payout ratio is 0%
Companies resources are majorly tied in miscellaneous assets