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Royal Cushion Vinyl balance sheet is weak and might have solvency issues
The debt of Royal Cushion Vinyl is decreasing.
Latest debt of Royal Cushion Vinyl is ₹59.64 Crs as of Mar-24.
This is less than Mar-23 when it was ₹324 Crs.
Yes, profit is increasing.
The profit of Royal Cushion Vinyl is ₹298 Crs for TTM, ₹294 Crs for Mar 2024 and ₹0.19 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.
Royal Cushion Vinyl 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