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Balance sheet of Modern Engineering is moderately strong, But short term working capital might become an issue for this company.
The debt of Modern Engineering is decreasing.
Latest debt of Modern Engineering is -₹44.79 Crs as of Sep-24.
This is less than Mar-24 when it was ₹0.92 Crs.
Yes, profit is increasing.
The profit of Modern Engineering is ₹3.65 Crs for Mar 2024, -₹2.65 Crs for Mar 2023 and -₹2.99 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.
Modern Engineering latest dividend payout ratio is 0% and 3yr average dividend payout ratio is 0%
Companies resources are allocated to majorly productive assets like Plant & Machinery and unproductive assets like Accounts Receivable