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Wires & Fabriks balance sheet is weak and might have solvency issues
Yes, The debt of Wires & Fabriks is increasing.
Latest debt of Wires & Fabriks is ₹97.31 Crs as of Sep-24.
This is greater than Mar-24 when it was ₹81.38 Crs.
Yes, profit is increasing.
The profit of Wires & Fabriks is ₹1.51 Crs for TTM, ₹1.49 Crs for Mar 2024 and ₹1.34 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.
Wires & Fabriks latest dividend payout ratio is 2.05% and 3yr average dividend payout ratio is 2.54%
Companies resources are allocated to majorly unproductive assets like Capital Work in Progress, Inventory, Accounts Receivable