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Balance sheet of Dev Information Tech is strong.
It shouldn't have solvency or liquidity issues.
Yes, The debt of Dev Information Tech is increasing.
Latest debt of Dev Information Tech is ₹17.51 Crs as of Sep-24.
This is greater than Mar-24 when it was ₹0.71 Crs.
Yes, profit is increasing.
The profit of Dev Information Tech is ₹17.93 Crs for TTM, ₹9.16 Crs for Mar 2024 and ₹8.98 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.
Dev Information Tech latest dividend payout ratio is 6.14% and 3yr average dividend payout ratio is 194.2%
Companies resources are allocated to majorly unproductive assets like Accounts Receivable