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Balance sheet of Ritco Logistics is strong.
It shouldn't have solvency or liquidity issues.
The debt of Ritco Logistics is decreasing.
Latest debt of Ritco Logistics is ₹227 Crs as of Sep-24.
This is less than Mar-24 when it was ₹248 Crs.
Yes, profit is increasing.
The profit of Ritco Logistics is ₹37.79 Crs for TTM, ₹32.99 Crs for Mar 2024 and ₹24.41 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.
Ritco Logistics latest dividend payout ratio is 0% and 3yr average dividend payout ratio is 0%
Companies resources are allocated to majorly unproductive assets like Accounts Receivable