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Praxis Home Retail balance sheet is weak and might have solvency issues
Yes, The net debt of Praxis Home Retail is increasing.
Latest net debt of Praxis Home Retail is ₹111 Crs as of Sep-24.
This is greater than Mar-24 when it was ₹70.64 Crs.
The profit is oscillating.
The profit of Praxis Home Retail is -₹54.1 Crs for TTM, -₹85.71 Crs for Mar 2024 and -₹21.01 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.
Praxis Home Retail latest dividend payout ratio is 0% and 3yr average dividend payout ratio is 0%
Companies resources are majorly tied in miscellaneous assets