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Balance sheet of Race Eco Chain is strong.
It shouldn't have solvency or liquidity issues.
The debt of Race Eco Chain is decreasing.
Latest debt of Race Eco Chain is -₹3.65 Crs as of Sep-24.
This is less than Mar-24 when it was ₹36.37 Crs.
Yes, profit is increasing.
The profit of Race Eco Chain is ₹6.03 Crs for TTM, ₹1.55 Crs for Mar 2024 and ₹1.3 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.
Race Eco Chain latest dividend payout ratio is 0% and 3yr average dividend payout ratio is 0%
Companies resources are allocated to majorly unproductive assets like Accounts Receivable