Balance sheet of Mangalam Alloys is moderately strong, But short term working capital might become an issue for this company.

Yes, The net debt of Mangalam Alloys is increasing.
Latest net debt of Mangalam Alloys is ₹174 Crs as of Sep-24.
This is greater than Mar-24 when it was ₹141 Crs.

The profit is oscillating.
The profit of Mangalam Alloys is ₹6.4 Crs for TTM, ₹11.47 Crs for Mar 2024 and ₹10.13 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.
Mangalam Alloys latest dividend payout ratio is 0% and 3yr average dividend payout ratio is 0%

Companies resources are allocated to majorly productive assets like Plant & Machinery and unproductive assets like Inventory, Short Term Loans & Advances