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Chemspec Chemicals balance sheet is weak and might have solvency issues
The net debt of Chemspec Chemicals is decreasing.
Latest net debt of Chemspec Chemicals is -₹108.25 Crs as of Mar-21.
This is less than Mar-20 when it was ₹50.26 Crs.
Yes, profit is increasing.
The profit of Chemspec Chemicals is ₹81.08 Crs for Mar 2021, ₹60.75 Crs for Mar 2020 and ₹5.12 Crs for Mar 2019
The company seems to be paying a very low dividend.
Investors need to see where the company is allocating its profits.
Chemspec Chemicals latest dividend payout ratio is 2.43% and 3yr average dividend payout ratio is 2.09%
Companies resources are allocated to majorly unproductive assets like Cash & Short Term Investments, Capital Work in Progress