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Shree Renuka Sugar balance sheet is weak and might have solvency issues
The debt of Shree Renuka Sugar is decreasing.
Latest debt of Shree Renuka Sugar is ₹5,510 Crs as of Sep-24.
This is less than Mar-24 when it was ₹5,665 Crs.
The profit is oscillating.
The profit of Shree Renuka Sugar is -₹504 Crs for TTM, -₹627.14 Crs for Mar 2024 and -₹196.97 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.
Shree Renuka Sugar latest dividend payout ratio is 0% and 3yr average dividend payout ratio is 0%
Companies resources are allocated to majorly unproductive assets like Inventory