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Balance sheet of Riddhi Steel & Tube is strong.
But short term working capital might become an issue for this company.
Yes, The debt of Riddhi Steel & Tube is increasing.
Latest debt of Riddhi Steel & Tube is ₹114 Crs as of Sep-24.
This is greater than Mar-24 when it was ₹108 Crs.
Yes, profit is increasing.
The profit of Riddhi Steel & Tube is ₹5.71 Crs for TTM, ₹4.8 Crs for Mar 2024 and ₹3.4 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.
Riddhi Steel & Tube latest dividend payout ratio is 0% and 3yr average dividend payout ratio is 0%
Companies resources are allocated to majorly unproductive assets like Cash & Short Term Investments, Inventory