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Piccadily Sugar balance sheet is weak and might have solvency issues
Yes, The net debt of Piccadily Sugar is increasing.
Latest net debt of Piccadily Sugar is ₹14.46 Crs as of Mar-24.
This is greater than Mar-23 when it was ₹0.67 Crs.
The profit is oscillating.
The profit of Piccadily Sugar is -₹1.9 Crs for Mar 2024, -₹2.07 Crs for Mar 2023 and ₹0.01 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.
Piccadily Sugar latest dividend payout ratio is 0% and 3yr average dividend payout ratio is 0%
Companies resources are allocated to majorly unproductive assets like Capital Work in Progress