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Balance sheet of Axita Cotton is strong.
It shouldn't have solvency or liquidity issues.
The debt of Axita Cotton is decreasing.
Latest debt of Axita Cotton is -₹20.73 Crs as of Sep-24.
This is less than Mar-24 when it was ₹8.39 Crs.
The profit is oscillating.
The profit of Axita Cotton is ₹7.9 Crs for TTM, ₹20.34 Crs for Mar 2024 and ₹17.04 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.
Axita Cotton latest dividend payout ratio is 25.66% and 3yr average dividend payout ratio is 16.02%
Companies resources are allocated to majorly unproductive assets like Inventory, Short Term Loans & Advances