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Spectra Industries balance sheet is weak and might have solvency issues
Yes, The net debt of Spectra Industries is increasing.
Latest net debt of Spectra Industries is ₹57.22 Crs as of Dec-23.
This is greater than Mar-23 when it was ₹33.32 Crs.
The profit is oscillating.
The profit of Spectra Industries is -₹4.26 Crs for TTM, -₹3.34 Crs for Mar 2023 and -₹5.94 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.
Spectra Industries latest dividend payout ratio is 0% and 3yr average dividend payout ratio is 0%
Companies resources are majorly tied in miscellaneous assets