Alerts will be sent to your verified email
Verify EmailVIJAYTX
Vijay Textiles balance sheet is weak and might have solvency issues
The debt of Vijay Textiles is decreasing.
Latest debt of Vijay Textiles is ₹206 Crs as of Mar-24.
This is less than Mar-23 when it was ₹208 Crs.
The profit is oscillating.
The profit of Vijay Textiles is -₹23.52 Crs for Mar 2024, -₹6.53 Crs for Mar 2023 and -₹11.51 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.
Vijay Textiles latest dividend payout ratio is 0% and 3yr average dividend payout ratio is 0%
Companies resources are allocated to majorly unproductive assets like Cash & Short Term Investments, Inventory, Short Term Loans & Advances