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Mipco Seamless Rings balance sheet is weak and might have solvency issues
Yes, The net debt of Mipco Seamless Rings is increasing.
Latest net debt of Mipco Seamless Rings is ₹1.38 Crs as of Mar-25.
This is greater than Mar-24 when it was ₹0.67 Crs.
The profit is oscillating.
The profit of Mipco Seamless Rings is -₹0.1 Crs for Mar 2025, -₹0.31 Crs for Mar 2024 and -₹0.03 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.
Mipco Seamless Rings latest dividend payout ratio is 0% and 3yr average dividend payout ratio is 0%
Companies resources are allocated to majorly unproductive assets like Cash & Short Term Investments, Short Term Loans & Advances