Alerts will be sent to your verified email
Verify EmailMARINE
Balance sheet of Marine Electricals is strong.
It shouldn't have solvency or liquidity issues.
The debt of Marine Electricals is decreasing.
Latest debt of Marine Electricals is ₹24.49 Crs as of Sep-24.
This is less than Mar-24 when it was ₹49.23 Crs.
Yes, profit is increasing.
The profit of Marine Electricals is ₹36.54 Crs for TTM, ₹25.9 Crs for Mar 2024 and ₹17 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.
Marine Electricals latest dividend payout ratio is 10.24% and 3yr average dividend payout ratio is 10.24%
Companies resources are allocated to majorly unproductive assets like Accounts Receivable