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Balance sheet of Northern Spirits is strong.
It shouldn't have solvency or liquidity issues.
Yes, The debt of Northern Spirits is increasing.
Latest debt of Northern Spirits is ₹119 Crs as of Sep-24.
This is greater than Mar-24 when it was ₹104 Crs.
Yes, profit is increasing.
The profit of Northern Spirits is ₹21.38 Crs for TTM, ₹16.57 Crs for Mar 2024 and ₹11.13 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.
Northern Spirits latest dividend payout ratio is 2.42% and 3yr average dividend payout ratio is 2.42%
Companies resources are allocated to majorly unproductive assets like Accounts Receivable