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Balance sheet of Relaxo Footwears is strong.
It shouldn't have solvency or liquidity issues.
Yes, The debt of Relaxo Footwears is increasing.
Latest debt of Relaxo Footwears is -₹61.27 Crs as of Sep-24.
This is greater than Mar-24 when it was -₹175.57 Crs.
The profit is oscillating.
The profit of Relaxo Footwears is ₹176 Crs for TTM, ₹200 Crs for Mar 2024 and ₹154 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.
Relaxo Footwears latest dividend payout ratio is 37.25% and 3yr average dividend payout ratio is 34.76%
Companies resources are allocated to majorly productive assets like Plant & Machinery and unproductive assets like Accounts Receivable