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Balance sheet of Elitecon Internation is strong.
It shouldn't have solvency or liquidity issues.
The debt of Elitecon Internation is decreasing.
Latest debt of Elitecon Internation is ₹105 Crs as of Sep-24.
This is less than Mar-24 when it was ₹139 Crs.
Yes, profit is increasing.
The profit of Elitecon Internation is ₹13.38 Crs for TTM, ₹4.78 Crs for Mar 2024 and -₹78.18 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.
Elitecon Internation latest dividend payout ratio is 0% and 3yr average dividend payout ratio is 0%
Companies resources are allocated to majorly unproductive assets like Short Term Loans & Advances