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Muller & Phipps (I) balance sheet is weak and might have solvency issues
The debt of Muller & Phipps (I) is decreasing.
Latest debt of Muller & Phipps (I) is ₹0.27 Crs as of Mar-24.
This is less than Mar-23 when it was ₹0.82 Crs.
No, profit is decreasing.
The profit of Muller & Phipps (I) is ₹0.21 Crs for Mar 2023, ₹0.43 Crs for Mar 2022 and ₹1.73 Crs for Mar 2021
The company seems to be paying a very low dividend.
Investors need to see where the company is allocating its profits.
Muller & Phipps (I) latest dividend payout ratio is 0% and 3yr average dividend payout ratio is 0%
Companies resources are allocated to majorly unproductive assets like Capital Work in Progress, Accounts Receivable