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Morarjee Textiles balance sheet is weak and might have solvency issues
Yes, The debt of Morarjee Textiles is increasing.
Latest debt of Morarjee Textiles is ₹520 Crs as of Sep-23.
This is greater than Mar-23 when it was ₹507 Crs.
No, profit is decreasing.
The profit of Morarjee Textiles is -₹201.28 Crs for TTM, -₹185.27 Crs for Mar 2023 and -₹88.14 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.
Morarjee Textiles latest dividend payout ratio is 0% and 3yr average dividend payout ratio is 0%
Companies resources are majorly tied in miscellaneous assets