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Parmax Pharma balance sheet is weak and might have solvency issues
The net debt of Parmax Pharma is decreasing.
Latest net debt of Parmax Pharma is ₹5.67 Crs as of Sep-24.
This is less than Mar-24 when it was ₹5.81 Crs.
The profit is oscillating.
The profit of Parmax Pharma is -₹2.05 Crs for TTM, -₹5.78 Crs for Mar 2024 and -₹0.1 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.
Parmax Pharma latest dividend payout ratio is 0% and 3yr average dividend payout ratio is 0%
Companies resources are majorly tied in miscellaneous assets