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Balance sheet of Gujarat Gas is strong.
But short term working capital might become an issue for this company.
Yes, The debt of Gujarat Gas is increasing.
Latest debt of Gujarat Gas is -₹1,749.25 Crs as of Sep-24.
This is greater than Mar-24 when it was -₹1,849.51 Crs.
The profit is oscillating.
The profit of Gujarat Gas is ₹1,266 Crs for TTM, ₹1,144 Crs for Mar 2024 and ₹1,528 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.
Gujarat Gas latest dividend payout ratio is 34.07% and 3yr average dividend payout ratio is 24.9%
Companies resources are allocated to majorly productive assets like Plant & Machinery and unproductive assets like Cash & Short Term Investments