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SIP Industries balance sheet is weak and might have solvency issues
Yes, The debt of SIP Industries is increasing.
Latest debt of SIP Industries is ₹0.4 Crs as of Sep-24.
This is greater than Mar-24 when it was ₹0.3 Crs.
The profit is oscillating.
The profit of SIP Industries is -₹0.23 Crs for Mar 2024, -₹0.07 Crs for Mar 2023 and -₹0.17 Crs for Mar 2018
The company seems to be paying a very low dividend.
Investors need to see where the company is allocating its profits.
SIP Industries latest dividend payout ratio is 0% and 3yr average dividend payout ratio is 0%
Companies resources are majorly tied in miscellaneous assets