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Balance sheet of Vedant Asset is strong.
It shouldn't have solvency or liquidity issues.
Yes, The net debt of Vedant Asset is increasing.
Latest net debt of Vedant Asset is -₹2.94 Crs as of Sep-24.
This is greater than Mar-24 when it was -₹7.1 Crs.
The profit is oscillating.
The profit of Vedant Asset is ₹0.28 Crs for Mar 2024, ₹0.29 Crs for Mar 2023 and ₹0.11 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.
Vedant Asset latest dividend payout ratio is 0% and 3yr average dividend payout ratio is 0%
Companies resources are allocated to majorly unproductive assets like Cash & Short Term Investments, Capital Work in Progress, Accounts Receivable