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Balance sheet of Manorama Industries is strong.
But short term working capital might become an issue for this company.
Yes, The debt of Manorama Industries is increasing.
Latest debt of Manorama Industries is ₹270 Crs as of Sep-24.
This is greater than Mar-24 when it was ₹172 Crs.
Yes, profit is increasing.
The profit of Manorama Industries is ₹82.29 Crs for TTM, ₹40.11 Crs for Mar 2024 and ₹29.78 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.
Manorama Industries latest dividend payout ratio is 5.94% and 3yr average dividend payout ratio is 6.98%
Companies resources are allocated to majorly unproductive assets like Inventory