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Mahindra Life. Dev balance sheet is weak and might have solvency issues
Yes, The debt of Mahindra Life. Dev is increasing.
Latest debt of Mahindra Life. Dev is ₹763 Crs as of Sep-24.
This is greater than Mar-24 when it was ₹659 Crs.
No, profit is decreasing.
The profit of Mahindra Life. Dev is -₹113.86 Crs for TTM, ₹98.24 Crs for Mar 2024 and ₹101 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.
Mahindra Life. Dev latest dividend payout ratio is 41.81% and 3yr average dividend payout ratio is 32.3%
Companies resources are allocated to majorly unproductive assets like Inventory