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RCI Industries&Tech balance sheet is weak and might have solvency issues
Yes, The debt of RCI Industries&Tech is increasing.
Latest debt of RCI Industries&Tech is ₹233 Crs as of Sep-22.
This is greater than Mar-22 when it was ₹230 Crs.
Yes, profit is increasing.
The profit of RCI Industries&Tech is -₹52.71 Crs for TTM, -₹71.66 Crs for Mar 2022 and -₹156.95 Crs for Mar 2021.
The company seems to be paying a very low dividend.
Investors need to see where the company is allocating its profits.
RCI Industries&Tech latest dividend payout ratio is 0% and 3yr average dividend payout ratio is 0%
Companies resources are majorly tied in miscellaneous assets