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Balance sheet of Eimco Elecon (India) is strong.
It shouldn't have solvency or liquidity issues.
The debt of Eimco Elecon (India) is decreasing.
Latest debt of Eimco Elecon (India) is -₹16.04 Crs as of Mar-24.
This is less than Mar-23 when it was -₹5.62 Crs.
Yes, profit is increasing.
The profit of Eimco Elecon (India) is ₹38.55 Crs for Mar 2024, ₹19.52 Crs for Mar 2023 and ₹8.68 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.
Eimco Elecon (India) latest dividend payout ratio is 7.48% and 3yr average dividend payout ratio is 12.96%
Companies resources are allocated to majorly unproductive assets like Accounts Receivable