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Balance sheet of Modi Rubber is strong.
It shouldn't have solvency or liquidity issues.
Yes, The debt of Modi Rubber is increasing.
Latest debt of Modi Rubber is ₹9.97 Crs as of Sep-24.
This is greater than Mar-24 when it was ₹3.59 Crs.
No, profit is decreasing.
The profit of Modi Rubber is -₹10.83 Crs for TTM, ₹15.53 Crs for Mar 2024 and ₹27.66 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.
Modi Rubber latest dividend payout ratio is 0% and 3yr average dividend payout ratio is 0%
Companies resources are allocated to majorly unproductive assets like Short Term Loans & Advances