Alerts will be sent to your verified email
Verify EmailPICCASUG
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.
Yes, profit is increasing.
The profit of Piccadily Sugar is -₹0.9 Crs for TTM, -₹1.9 Crs for Mar 2024 and -₹2.07 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.
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