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Alstone Textiles (I) balance sheet is weak and might have solvency issues
Yes, The net debt of Alstone Textiles (I) is increasing.
Latest net debt of Alstone Textiles (I) is ₹500 Crs as of Sep-24.
This is greater than Mar-24 when it was ₹500 Crs.
No, profit is decreasing.
The profit of Alstone Textiles (I) is ₹3.53 Crs for TTM, ₹4.17 Crs for Mar 2024 and ₹24.52 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.
Alstone Textiles (I) latest dividend payout ratio is 0% and 3yr average dividend payout ratio is 0%
Companies resources are majorly tied in miscellaneous assets