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Balance sheet of Steel Strips Wheels is strong.
But short term working capital might become an issue for this company.
The debt of Steel Strips Wheels is decreasing.
Latest debt of Steel Strips Wheels is ₹916 Crs as of Sep-24.
This is less than Mar-24 when it was ₹991 Crs.
The profit is oscillating.
The profit of Steel Strips Wheels is ₹650 Crs for TTM, ₹675 Crs for Mar 2024 and ₹194 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.
Steel Strips Wheels latest dividend payout ratio is 2.33% and 3yr average dividend payout ratio is 5.37%
Companies resources are allocated to majorly productive assets like Plant & Machinery and unproductive assets like Capital Work in Progress