If we see the balance sheet, the cash has always been more than the debt…so we can say that its has been net debt free. From the cash flow we see that except for 2013 and 2014…the company has generated free cash flow.
For promoters, dividends is a way to take home some money from their business. Not saying whether it is right or wrong, prudent or not, but thats the reality. The company historically has not generated any great RoCE as such.
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