Balance sheet of Munjal Auto Inds is strong.
But short term working capital might become an issue for this company.

Yes, The net debt of Munjal Auto Inds is increasing.
Latest net debt of Munjal Auto Inds is ₹131 Crs as of Mar-25.
This is greater than Mar-24 when it was ₹75.45 Crs.

The profit is oscillating.
The profit of Munjal Auto Inds is ₹47.91 Crs for TTM, ₹36.59 Crs for Mar 2025 and ₹38.49 Crs for Mar 2024.

The company seems to be paying a very low dividend.
Investors need to see where the company is allocating its profits.
Munjal Auto Inds latest dividend payout ratio is 27.33% and 3yr average dividend payout ratio is 38.31%

Companies resources are allocated to majorly productive assets like Plant & Machinery and unproductive assets like Capital Work in Progress, Inventory, Accounts Receivable, Short Term Loans & Advances