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Modern Steels balance sheet is weak and might have solvency issues
Yes, The debt of Modern Steels is increasing.
Latest debt of Modern Steels is ₹0.19 Crs as of Sep-24.
This is greater than Mar-24 when it was -₹1.75 Crs.
No, profit is decreasing.
The profit of Modern Steels is ₹0.58 Crs for Mar 2024, ₹13.83 Crs for Mar 2023 and ₹77.5 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 Steels latest dividend payout ratio is 0% and 3yr average dividend payout ratio is 0%
Companies resources are majorly tied in miscellaneous assets