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Ratnabhumi Developer balance sheet is weak and might have solvency issues
The net debt of Ratnabhumi Developer is decreasing.
Latest net debt of Ratnabhumi Developer is ₹134 Crs as of Sep-24.
This is less than Mar-24 when it was ₹184 Crs.
Yes, profit is increasing.
The profit of Ratnabhumi Developer is ₹1.62 Crs for TTM, ₹0.26 Crs for Mar 2024 and ₹0.23 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.
Ratnabhumi Developer latest dividend payout ratio is 0% and 3yr average dividend payout ratio is 0%
Companies resources are allocated to majorly unproductive assets like Inventory