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Magnus Retail balance sheet is weak and might have solvency issues
Yes, The debt of Magnus Retail is increasing.
Latest debt of Magnus Retail is ₹1.63 Crs as of Sep-24.
This is greater than Mar-24 when it was ₹1.58 Crs.
No, profit is decreasing.
The profit of Magnus Retail is -₹0.38 Crs for Mar 2024, -₹0.29 Crs for Mar 2023 and -₹0.23 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.
Magnus Retail latest dividend payout ratio is 0% and 3yr average dividend payout ratio is 0%
Companies resources are allocated to majorly unproductive assets like Accounts Receivable