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Balance sheet of Mahanagar Gas is strong.
It shouldn't have solvency or liquidity issues.
Yes, The debt of Mahanagar Gas is increasing.
Latest debt of Mahanagar Gas is -₹356.72 Crs as of Sep-24.
This is greater than Mar-24 when it was -₹842.94 Crs.
The profit is oscillating.
The profit of Mahanagar Gas is ₹1,046 Crs for TTM, ₹1,276 Crs for Mar 2024 and ₹790 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.
Mahanagar Gas latest dividend payout ratio is 23.22% and 3yr average dividend payout ratio is 32.36%
Companies resources are allocated to majorly productive assets like Plant & Machinery