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Ambition Mica balance sheet is weak and might have solvency issues
Yes, The net debt of Ambition Mica is increasing.
Latest net debt of Ambition Mica is ₹32.48 Crs as of Mar-23.
This is greater than Mar-22 when it was ₹27.27 Crs.
The profit is oscillating.
The profit of Ambition Mica is -₹3.07 Crs for TTM, -₹1.06 Crs for Mar 2023 and -₹36.53 Crs for Mar 2022.
The company seems to be paying a very low dividend.
Investors need to see where the company is allocating its profits.
Ambition Mica latest dividend payout ratio is 0% and 3yr average dividend payout ratio is 0%
Companies resources are majorly tied in miscellaneous assets