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Balance sheet of Manaksia Aluminium is moderately strong, But short term working capital might become an issue for this company.
Yes, The debt of Manaksia Aluminium is increasing.
Latest debt of Manaksia Aluminium is ₹204 Crs as of Sep-24.
This is greater than Mar-24 when it was ₹148 Crs.
The profit is oscillating.
The profit of Manaksia Aluminium is ₹5.62 Crs for TTM, ₹5.09 Crs for Mar 2024 and ₹8.87 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.
Manaksia Aluminium latest dividend payout ratio is 9.02% and 3yr average dividend payout ratio is 6.36%
Companies resources are allocated to majorly unproductive assets like Inventory, Short Term Loans & Advances