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Ashoka Refineries balance sheet is weak and might have solvency issues
The net debt of Ashoka Refineries is decreasing.
Latest net debt of Ashoka Refineries is -₹0.15 Crs as of Mar-25.
This is less than Mar-24 when it was ₹0.1 Crs.
No, profit is decreasing.
The profit of Ashoka Refineries is ₹0.02 Crs for Mar 2024, ₹0.09 Crs for Mar 2023 and ₹0.18 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.
Ashoka Refineries latest dividend payout ratio is 0% and 3yr average dividend payout ratio is 0%
Companies resources are majorly tied in miscellaneous assets