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Balance sheet of Elecon Engg. is strong.
It shouldn't have solvency or liquidity issues.
Yes, The debt of Elecon Engg. is increasing.
Latest debt of Elecon Engg. is -₹235.14 Crs as of Sep-24.
This is greater than Mar-24 when it was -₹526.62 Crs.
Yes, profit is increasing.
The profit of Elecon Engg. is ₹364 Crs for TTM, ₹356 Crs for Mar 2024 and ₹238 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.
Elecon Engg. latest dividend payout ratio is 9.47% and 3yr average dividend payout ratio is 10.03%
Companies resources are allocated to majorly unproductive assets like Cash & Short Term Investments