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Balance sheet of Rolex Rings is strong.
It shouldn't have solvency or liquidity issues.
Yes, The debt of Rolex Rings is increasing.
Latest debt of Rolex Rings is -₹28.84 Crs as of Sep-24.
This is greater than Mar-24 when it was -₹39.49 Crs.
No, profit is decreasing.
The profit of Rolex Rings is ₹143 Crs for TTM, ₹156 Crs for Mar 2024 and ₹198 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.
Rolex Rings latest dividend payout ratio is 0% and 3yr average dividend payout ratio is 0%
Companies resources are allocated to majorly productive assets like Plant & Machinery and unproductive assets like Cash & Short Term Investments