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Rainbow Denim balance sheet is weak and might have solvency issues
The debt of Rainbow Denim is decreasing.
Latest debt of Rainbow Denim is ₹68.76 Crs as of Mar-24.
This is less than Mar-21 when it was ₹127 Crs.
Yes, profit is increasing.
The profit of Rainbow Denim is ₹3.9 Crs for TTM, -₹7.46 Crs for Mar 2021 and -₹16.16 Crs for Mar 2020.
The company seems to be paying a very low dividend.
Investors need to see where the company is allocating its profits.
Rainbow Denim latest dividend payout ratio is 0% and 3yr average dividend payout ratio is 0%
Companies resources are majorly tied in miscellaneous assets