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Rana Sugars balance sheet is weak and might have solvency issues
The debt of Rana Sugars is decreasing.
Latest debt of Rana Sugars is ₹199 Crs as of Sep-24.
This is less than Mar-24 when it was ₹344 Crs.
No, profit is decreasing.
The profit of Rana Sugars is ₹23.02 Crs for TTM, ₹27.97 Crs for Mar 2024 and ₹63.4 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.
Rana Sugars 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