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Rama Petrochem. balance sheet is weak and might have solvency issues
Yes, The debt of Rama Petrochem. is increasing.
Latest debt of Rama Petrochem. is ₹55.66 Crs as of Sep-24.
This is greater than Mar-24 when it was ₹38.9 Crs.
The profit is oscillating.
The profit of Rama Petrochem. is -₹5.01 Crs for TTM, -₹0.41 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.
Rama Petrochem. latest dividend payout ratio is 0% and 3yr average dividend payout ratio is 0%
Companies resources are allocated to majorly unproductive assets like Cash & Short Term Investments