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Balance sheet of Rites is strong.
It shouldn't have solvency or liquidity issues.
Yes, The debt of Rites is increasing.
Latest debt of Rites is -₹3,248.14 Crs as of Sep-24.
This is greater than Mar-24 when it was -₹6,282.65 Crs.
No, profit is decreasing.
The profit of Rites is ₹408 Crs for TTM, ₹455 Crs for Mar 2024 and ₹542 Crs for Mar 2023.
The company seems to pay a good stable dividend.
Rites latest dividend payout ratio is 94.98% and 3yr average dividend payout ratio is 88.32%
Companies resources are majorly tied in miscellaneous assets