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Springform Tech balance sheet is weak and might have solvency issues
Yes, The net debt of Springform Tech is increasing.
Latest net debt of Springform Tech is -₹0.78 Crs as of Mar-24.
This is greater than Mar-23 when it was -₹1.54 Crs.
No, profit is decreasing.
The profit of Springform Tech is -₹1.1 Crs for TTM, ₹0 Crs for Mar 2024 and ₹0.21 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.
Springform Tech latest dividend payout ratio is 0% and 3yr average dividend payout ratio is 0%
Companies resources are majorly tied in miscellaneous assets