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Balance sheet of Manaksia Steels is strong.
It shouldn't have solvency or liquidity issues.
The debt of Manaksia Steels is decreasing.
Latest debt of Manaksia Steels is ₹105 Crs as of Sep-24.
This is less than Mar-24 when it was ₹127 Crs.
The profit is oscillating.
The profit of Manaksia Steels is ₹9.55 Crs for TTM, ₹28.38 Crs for Mar 2024 and ₹12.19 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 Steels latest dividend payout ratio is 0% and 3yr average dividend payout ratio is 0%
Companies resources are allocated to majorly unproductive assets like Cash & Short Term Investments