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Novelix Pharma balance sheet is weak and might have solvency issues
Yes, The debt of Novelix Pharma is increasing.
Latest debt of Novelix Pharma is -₹0.22 Crs as of Mar-24.
This is greater than Mar-23 when it was -₹0.49 Crs.
Yes, profit is increasing.
The profit of Novelix Pharma is ₹0.57 Crs for TTM, ₹0.16 Crs for Mar 2024 and -₹0.05 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.
Novelix Pharma latest dividend payout ratio is 0% and 3yr average dividend payout ratio is 0%
Companies resources are majorly tied in miscellaneous assets