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Devi Sea Foods balance sheet is weak and might have solvency issues
Yes, The net debt of Devi Sea Foods is increasing.
Latest net debt of Devi Sea Foods is -₹290.93 Crs as of Mar-22.
This is greater than Mar-21 when it was -₹435.83 Crs.
The profit is oscillating.
The profit of Devi Sea Foods is ₹301 Crs for Mar 2022, ₹211 Crs for Mar 2021 and ₹214 Crs for Mar 2020
The company seems to be paying a very low dividend.
Investors need to see where the company is allocating its profits.
Devi Sea Foods latest dividend payout ratio is 0% and 3yr average dividend payout ratio is 0%
Companies resources are allocated to majorly unproductive assets like Inventory, Accounts Receivable