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Balance sheet of Rane Madras is strong.
But short term working capital might become an issue for this company.
Yes, The debt of Rane Madras is increasing.
Latest debt of Rane Madras is ₹716 Crs as of Sep-24.
This is greater than Mar-24 when it was ₹654 Crs.
No, profit is decreasing.
The profit of Rane Madras is -₹6.86 Crs for TTM, ₹3.02 Crs for Mar 2024 and ₹30.02 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.
Rane Madras latest dividend payout ratio is 0% and 3yr average dividend payout ratio is 0%
Companies resources are majorly tied in miscellaneous assets