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SecUR Credentials balance sheet is weak and might have solvency issues
The net debt of SecUR Credentials is decreasing.
Latest net debt of SecUR Credentials is ₹11.65 Crs as of Mar-24.
This is less than Mar-23 when it was ₹14.17 Crs.
The profit is oscillating.
The profit of SecUR Credentials is -₹2.46 Crs for Mar 2024, ₹7.79 Crs for Mar 2023 and ₹2.05 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.
SecUR Credentials latest dividend payout ratio is 5.95% and 3yr average dividend payout ratio is 5.95%
Companies resources are allocated to majorly unproductive assets like Cash & Short Term Investments, Capital Work in Progress, Inventory, Short Term Loans & Advances