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Prime Industries balance sheet is weak and might have solvency issues
Yes, The debt of Prime Industries is increasing.
Latest debt of Prime Industries is ₹16.52 Crs as of Sep-24.
This is greater than Mar-24 when it was -₹45.52 Crs.
The profit is oscillating.
The profit of Prime Industries is ₹0.98 Crs for TTM, ₹10.84 Crs for Mar 2024 and ₹1.57 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.
Prime Industries latest dividend payout ratio is 0% and 3yr average dividend payout ratio is 0%
Companies resources are allocated to majorly unproductive assets like Cash & Short Term Investments, Short Term Loans & Advances