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Balance sheet of Jocil is strong.
It shouldn't have solvency or liquidity issues.
The debt of Jocil is decreasing.
Latest debt of Jocil is -₹47.1 Crs as of Mar-24.
This is less than Mar-23 when it was -₹11.59 Crs.
The profit is oscillating.
The profit of Jocil is ₹2.44 Crs for TTM, ₹6.4 Crs for Mar 2024 and ₹4.53 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.
Jocil latest dividend payout ratio is 77.12% and 3yr average dividend payout ratio is 41.42%
Companies resources are allocated to majorly unproductive assets like Cash & Short Term Investments, Inventory