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Nova Iron & Steel balance sheet is weak and might have solvency issues
Yes, The net debt of Nova Iron & Steel is increasing.
Latest net debt of Nova Iron & Steel is ₹405 Crs as of Sep-24.
This is greater than Mar-24 when it was ₹394 Crs.
The profit is oscillating.
The profit of Nova Iron & Steel is -₹77.14 Crs for TTM, -₹93.8 Crs for Mar 2024 and -₹1.79 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.
Nova Iron & Steel latest dividend payout ratio is 0% and 3yr average dividend payout ratio is 0%
Companies resources are majorly tied in miscellaneous assets