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Balance sheet of Zodiac Energy is strong.
It shouldn't have solvency or liquidity issues.
Yes, The debt of Zodiac Energy is increasing.
Latest debt of Zodiac Energy is ₹64.9 Crs as of Sep-24.
This is greater than Mar-24 when it was ₹17.77 Crs.
Yes, profit is increasing.
The profit of Zodiac Energy is ₹16.22 Crs for TTM, ₹10.97 Crs for Mar 2024 and ₹3.19 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.
Zodiac Energy latest dividend payout ratio is 0% and 3yr average dividend payout ratio is 0%
Companies resources are allocated to majorly unproductive assets like Accounts Receivable