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Balance sheet of Ratnamani Metals is strong.
It shouldn't have solvency or liquidity issues.
The debt of Ratnamani Metals is decreasing.
Latest debt of Ratnamani Metals is -₹64.47 Crs as of Mar-24.
This is less than Mar-23 when it was ₹156 Crs.
Yes, profit is increasing.
The profit of Ratnamani Metals is ₹625 Crs for TTM, ₹510 Crs for Mar 2023 and ₹323 Crs for Mar 2022.
The company seems to be paying a very low dividend.
Investors need to see where the company is allocating its profits.
Ratnamani Metals latest dividend payout ratio is 16.48% and 3yr average dividend payout ratio is 17.9%
Companies resources are allocated to majorly productive assets like Plant & Machinery and unproductive assets like Accounts Receivable