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Shri Ram Switchgears balance sheet is weak and might have solvency issues
The net debt of Shri Ram Switchgears is decreasing.
Latest net debt of Shri Ram Switchgears is ₹52.98 Crs as of Mar-24.
This is less than Mar-23 when it was ₹62 Crs.
Yes, profit is increasing.
The profit of Shri Ram Switchgears is ₹9.95 Crs for TTM, -₹3.87 Crs for Mar 2023 and -₹16.83 Crs for Mar 2022.
The company seems to be paying a very low dividend.
Investors need to see where the company is allocating its profits.
Shri Ram Switchgears latest dividend payout ratio is 0% and 3yr average dividend payout ratio is 0%
Companies resources are allocated to majorly unproductive assets like Short Term Loans & Advances