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Eastern Treads balance sheet is weak and might have solvency issues
The net debt of Eastern Treads is decreasing.
Latest net debt of Eastern Treads is ₹28.43 Crs as of Mar-24.
This is less than Mar-23 when it was ₹31.06 Crs.
Yes, profit is increasing.
The profit of Eastern Treads is -₹2.95 Crs for Mar 2024, -₹7.23 Crs for Mar 2023 and -₹9.68 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.
Eastern Treads latest dividend payout ratio is 0% and 3yr average dividend payout ratio is 0%
Companies resources are majorly tied in miscellaneous assets