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Acme Solar Holdings balance sheet is weak and might have solvency issues
Yes, The net debt of Acme Solar Holdings is increasing.
Latest net debt of Acme Solar Holdings is ₹8,756 Crs as of Sep-24.
This is greater than Mar-24 when it was ₹5,588 Crs.
The profit is oscillating.
The profit of Acme Solar Holdings is ₹210 Crs for TTM, ₹698 Crs for Mar 2024 and -₹3.14 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.
Acme Solar Holdings latest dividend payout ratio is 0% and 3yr average dividend payout ratio is 0%
Companies resources are allocated to majorly unproductive assets like Capital Work in Progress, Short Term Loans & Advances