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Vijay Textiles balance sheet is weak and might have solvency issues
The net debt of Vijay Textiles is decreasing.
Latest net debt of Vijay Textiles is ₹202 Crs as of Sep-24.
This is less than Mar-24 when it was ₹206 Crs.
No, profit is decreasing.
The profit of Vijay Textiles is -₹30.06 Crs for TTM, -₹23.52 Crs for Mar 2024 and -₹6.53 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.
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