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Shree Ajit Pulp balance sheet is weak and might have solvency issues
Yes, The net debt of Shree Ajit Pulp is increasing.
Latest net debt of Shree Ajit Pulp is ₹260 Crs as of Sep-24.
This is greater than Mar-24 when it was ₹223 Crs.
The profit is oscillating.
The profit of Shree Ajit Pulp is ₹8.27 Crs for TTM, ₹8.25 Crs for Mar 2024 and ₹20.7 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.
Shree Ajit Pulp latest dividend payout ratio is 2.59% and 3yr average dividend payout ratio is 2.53%
Companies resources are allocated to majorly productive assets like Plant & Machinery