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Chennai Meena Multi balance sheet is weak and might have solvency issues
Yes, The debt of Chennai Meena Multi is increasing.
Latest debt of Chennai Meena Multi is ₹7.63 Crs as of Mar-24.
This is greater than Mar-23 when it was ₹1.59 Crs.
The profit is oscillating.
The profit of Chennai Meena Multi is ₹0.89 Crs for Mar 2023, ₹3.98 Crs for Mar 2022 and -₹1.25 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.
Chennai Meena Multi latest dividend payout ratio is 0% and 3yr average dividend payout ratio is 0%
Companies resources are allocated to majorly unproductive assets like Cash & Short Term Investments