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Balance sheet of MM Forgings is moderately strong, But short term working capital might become an issue for this company.
Yes, The debt of MM Forgings is increasing.
Latest debt of MM Forgings is ₹881 Crs as of Sep-24.
This is greater than Mar-24 when it was ₹512 Crs.
The profit is oscillating.
The profit of MM Forgings is ₹125 Crs for TTM, ₹135 Crs for Mar 2024 and ₹128 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.
MM Forgings latest dividend payout ratio is 14.3% and 3yr average dividend payout ratio is 13.85%
Companies resources are allocated to majorly productive assets like Plant & Machinery