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Balance sheet of Ajax Engineering is strong.
It shouldn't have solvency or liquidity issues.
The debt of Ajax Engineering is decreasing.
Latest debt of Ajax Engineering is -₹136.28 Crs as of Mar-24.
This is less than Mar-23 when it was -₹7.95 Crs.
The profit is oscillating.
The profit of Ajax Engineering is ₹122 Crs for TTM, ₹225 Crs for Mar 2024 and ₹136 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.
Ajax Engineering latest dividend payout ratio is 11.03% and 3yr average dividend payout ratio is 11.03%
Companies resources are allocated to majorly unproductive assets like Cash & Short Term Investments