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Lagnam Spintex balance sheet is weak and might have solvency issues
The net debt of Lagnam Spintex is decreasing.
Latest net debt of Lagnam Spintex is ₹356 Crs as of Sep-25.
This is less than Mar-25 when it was ₹388 Crs.
The profit is oscillating.
The profit of Lagnam Spintex is ₹13.24 Crs for TTM, ₹12.85 Crs for Mar 2025 and ₹14.57 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.
Lagnam Spintex latest dividend payout ratio is 6.06% and 3yr average dividend payout ratio is 6.06%
Companies resources are allocated to majorly unproductive assets like Inventory, Accounts Receivable