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Balance sheet of Refractory Shapes is strong.
But short term working capital might become an issue for this company.
The debt of Refractory Shapes is decreasing.
Latest debt of Refractory Shapes is ₹12.77 Crs as of Sep-24.
This is less than Mar-24 when it was ₹17.15 Crs.
Yes, profit is increasing.
The profit of Refractory Shapes is ₹4.84 Crs for TTM, ₹4.16 Crs for Mar 2024 and ₹1.92 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.
Refractory Shapes latest dividend payout ratio is 0% and 3yr average dividend payout ratio is 0%
Companies resources are allocated to majorly unproductive assets like Inventory