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Innovatus Entertain balance sheet is weak and might have solvency issues
Yes, The net debt of Innovatus Entertain is increasing.
Latest net debt of Innovatus Entertain is -₹1.59 Crs as of Sep-24.
This is greater than Mar-24 when it was -₹4.88 Crs.
Yes, profit is increasing.
The profit of Innovatus Entertain is ₹0.64 Crs for Mar 2024, ₹0.48 Crs for Mar 2023 and ₹0.3 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.
Innovatus Entertain latest dividend payout ratio is 0% and 3yr average dividend payout ratio is 0%
Companies resources are allocated to majorly unproductive assets like Short Term Loans & Advances