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Mega Nirman & Inds. balance sheet is weak and might have solvency issues
Yes, The debt of Mega Nirman & Inds. is increasing.
Latest debt of Mega Nirman & Inds. is -₹7.27 Crs as of Sep-24.
This is greater than Mar-24 when it was -₹16.35 Crs.
No, profit is decreasing.
The profit of Mega Nirman & Inds. is -₹0.53 Crs for Mar 2024, ₹0.01 Crs for Mar 2023 and ₹0.07 Crs for Mar 2022
The company seems to be paying a very low dividend.
Investors need to see where the company is allocating its profits.
Mega Nirman & Inds. 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