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Rungta Greentech balance sheet is weak and might have solvency issues
Yes, The debt of Rungta Greentech is increasing.
Latest debt of Rungta Greentech is ₹9.68 Crs as of Mar-23.
This is greater than Mar-22 when it was ₹5.97 Crs.
Yes, profit is increasing.
The profit of Rungta Greentech is ₹1.82 Crs for Mar 2023, ₹1.21 Crs for Mar 2022 and ₹0.95 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.
Rungta Greentech latest dividend payout ratio is 0% and 3yr average dividend payout ratio is 0%
Companies resources are allocated to majorly unproductive assets like Capital Work in Progress, Accounts Receivable, Short Term Loans & Advances