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Rainbow Foundation balance sheet is weak and might have solvency issues
The debt of Rainbow Foundation is decreasing.
Latest debt of Rainbow Foundation is ₹451 Crs as of Sep-24.
This is less than Mar-24 when it was ₹470 Crs.
Yes, profit is increasing.
The profit of Rainbow Foundation is ₹7.49 Crs for TTM, ₹3.19 Crs for Mar 2024 and ₹1.35 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.
Rainbow Foundation latest dividend payout ratio is 0% and 3yr average dividend payout ratio is 0%
Companies resources are allocated to majorly unproductive assets like Inventory