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Balance sheet of Igarashi Motors is strong.
It shouldn't have solvency or liquidity issues.
Yes, The net debt of Igarashi Motors is increasing.
Latest net debt of Igarashi Motors is ₹126 Crs as of Mar-25.
This is greater than Mar-24 when it was ₹103 Crs.
Yes, profit is increasing.
The profit of Igarashi Motors is ₹24.17 Crs for TTM, ₹9.57 Crs for Mar 2024 and ₹5.24 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.
Igarashi Motors latest dividend payout ratio is 32.88% and 3yr average dividend payout ratio is 46.49%
Companies resources are allocated to majorly unproductive assets like Capital Work in Progress, Accounts Receivable