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Balance sheet of Elgi Equipments is strong.
It shouldn't have solvency or liquidity issues.
Yes, The debt of Elgi Equipments is increasing.
Latest debt of Elgi Equipments is -₹189.71 Crs as of Sep-24.
This is greater than Mar-24 when it was -₹982.5 Crs.
The profit is oscillating.
The profit of Elgi Equipments is ₹324 Crs for TTM, ₹312 Crs for Mar 2024 and ₹371 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.
Elgi Equipments latest dividend payout ratio is 20.32% and 3yr average dividend payout ratio is 19.28%
Companies resources are allocated to majorly unproductive assets like Cash & Short Term Investments