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Reliance Chemotex balance sheet is weak and might have solvency issues
Yes, The debt of Reliance Chemotex is increasing.
Latest debt of Reliance Chemotex is ₹242 Crs as of Sep-24.
This is greater than Mar-24 when it was ₹178 Crs.
No, profit is decreasing.
The profit of Reliance Chemotex is ₹2.66 Crs for TTM, ₹3.21 Crs for Mar 2024 and ₹12.42 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.
Reliance Chemotex latest dividend payout ratio is 23.5% and 3yr average dividend payout ratio is 16.36%
Companies resources are allocated to majorly productive assets like Plant & Machinery