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Balance sheet of Dhanlaxmi Cotex is strong.
It shouldn't have solvency or liquidity issues.
The net debt of Dhanlaxmi Cotex is decreasing.
Latest net debt of Dhanlaxmi Cotex is -₹3.26 Crs as of Sep-24.
This is less than Mar-24 when it was -₹1.35 Crs.
Yes, profit is increasing.
The profit of Dhanlaxmi Cotex is ₹7.63 Crs for TTM, ₹2.89 Crs for Mar 2024 and ₹0.24 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.
Dhanlaxmi Cotex latest dividend payout ratio is 0% and 3yr average dividend payout ratio is 0%
Companies resources are allocated to majorly unproductive assets like Cash & Short Term Investments