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Innovative Tyre&Tube balance sheet is weak and might have solvency issues
Yes, The net debt of Innovative Tyre&Tube is increasing.
Latest net debt of Innovative Tyre&Tube is ₹43.26 Crs as of Mar-26.
This is greater than Mar-25 when it was ₹42.51 Crs.
The profit is oscillating.
The profit of Innovative Tyre&Tube is -₹1.91 Crs for TTM, -₹16.02 Crs for Mar 2025 and ₹34.5 Crs for Mar 2024.
The company seems to be paying a very low dividend.
Investors need to see where the company is allocating its profits.
Innovative Tyre&Tube latest dividend payout ratio is 0% and 3yr average dividend payout ratio is 0%
Companies resources are allocated to majorly unproductive assets like Capital Work in Progress