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Varvee Global balance sheet is weak and might have solvency issues
The net debt of Varvee Global is decreasing.
Latest net debt of Varvee Global is ₹273 Crs as of Mar-24.
This is less than Mar-23 when it was ₹383 Crs.
Yes, profit is increasing.
The profit of Varvee Global is ₹17.93 Crs for TTM, -₹44.62 Crs for Mar 2024 and -₹65.05 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.
Varvee Global latest dividend payout ratio is 0% and 3yr average dividend payout ratio is 0%
Companies resources are majorly tied in miscellaneous assets