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Suumaya Industries balance sheet is weak and might have solvency issues
The net debt of Suumaya Industries is decreasing.
Latest net debt of Suumaya Industries is ₹321 Crs as of Mar-24.
This is less than Mar-23 when it was ₹343 Crs.
No, profit is decreasing.
The profit of Suumaya Industries is -₹1,974.06 Crs for TTM, -₹467.98 Crs for Mar 2023 and ₹873 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.
Suumaya Industries latest dividend payout ratio is 0.35% and 3yr average dividend payout ratio is 1.21%
Companies resources are allocated to majorly unproductive assets like Accounts Receivable, Short Term Loans & Advances