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Balance sheet of Marine Electricals is strong.
It shouldn't have solvency or liquidity issues.
Yes, The debt of Marine Electricals is increasing.
Latest debt of Marine Electricals is ₹72.28 Crs as of Mar-24.
This is greater than Mar-23 when it was ₹26.59 Crs.
Yes, profit is increasing.
The profit of Marine Electricals is ₹25.62 Crs for TTM, ₹17 Crs for Mar 2023 and ₹12.98 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.
Marine Electricals latest dividend payout ratio is 19.02% and 3yr average dividend payout ratio is 19.02%
Companies resources are allocated to majorly unproductive assets like Accounts Receivable