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Balance sheet of Majestic Auto is moderately strong.
Yes, The debt of Majestic Auto is increasing.
Latest debt of Majestic Auto is ₹130 Crs as of Sep-24.
This is greater than Mar-24 when it was -₹508.79 Crs.
The profit is oscillating.
The profit of Majestic Auto is ₹15.82 Crs for TTM, ₹32.01 Crs for Mar 2024 and ₹3.78 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.
Majestic Auto latest dividend payout ratio is 48.73% and 3yr average dividend payout ratio is 127.42%
Companies resources are allocated to majorly unproductive assets like Cash & Short Term Investments