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Balance sheet of Veljan Denison is strong.
It shouldn't have solvency or liquidity issues.
The debt of Veljan Denison is decreasing.
Latest debt of Veljan Denison is -₹72.65 Crs as of Mar-24.
This is less than Mar-23 when it was -₹71.21 Crs.
Yes, profit is increasing.
The profit of Veljan Denison is ₹23.39 Crs for TTM, ₹22.07 Crs for Mar 2024 and ₹16.02 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.
Veljan Denison latest dividend payout ratio is 17.33% and 3yr average dividend payout ratio is 17.64%
Companies resources are allocated to majorly productive assets like Plant & Machinery and unproductive assets like Inventory