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Balance sheet of Menon Pistons is strong.
It shouldn't have solvency or liquidity issues.
The debt of Menon Pistons is decreasing.
Latest debt of Menon Pistons is ₹9.67 Crs as of Sep-24.
This is less than Mar-24 when it was ₹14.95 Crs.
Yes, profit is increasing.
The profit of Menon Pistons is ₹26.83 Crs for TTM, ₹26.45 Crs for Mar 2024 and ₹23.34 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.
Menon Pistons latest dividend payout ratio is 19.28% and 3yr average dividend payout ratio is 20.49%
Companies resources are allocated to majorly productive assets like Plant & Machinery and unproductive assets like Accounts Receivable