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Virinchi People’s balance sheet is weak and might have solvency issues
Yes, The debt of Virinchi People’s is increasing.
Latest debt of Virinchi People’s is ₹182 Crs as of Sep-24.
This is greater than Mar-24 when it was ₹160 Crs.
The profit is oscillating.
The profit of Virinchi People’s is ₹6.97 Crs for TTM, ₹13.7 Crs for Mar 2024 and ₹12.85 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.
Virinchi People’s latest dividend payout ratio is 0% and 3yr average dividend payout ratio is 0%
Companies resources are allocated to majorly productive assets like Plant & Machinery