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Delta Manufacturing balance sheet is weak and might have solvency issues
Yes, The debt of Delta Manufacturing is increasing.
Latest debt of Delta Manufacturing is ₹38.26 Crs as of Sep-24.
This is greater than Mar-24 when it was ₹37.26 Crs.
The profit is oscillating.
The profit of Delta Manufacturing is -₹14.64 Crs for TTM, -₹10.39 Crs for Mar 2024 and -₹16.74 Crs for Mar 2023.
The company seems to be paying a very low dividend.
Investors need to see where the company is allocating its profits.
Delta Manufacturing latest dividend payout ratio is 0% and 3yr average dividend payout ratio is 0%
Companies resources are majorly tied in miscellaneous assets