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Balance sheet of Elnet Technologies is strong.
It shouldn't have solvency or liquidity issues.
Yes, The debt of Elnet Technologies is increasing.
Latest debt of Elnet Technologies is -₹111.06 Crs as of Sep-24.
This is greater than Mar-24 when it was -₹218.74 Crs.
The profit is oscillating.
The profit of Elnet Technologies is ₹16.87 Crs for TTM, ₹17.49 Crs for Mar 2024 and ₹13.69 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.
Elnet Technologies latest dividend payout ratio is 3.89% and 3yr average dividend payout ratio is 5.36%
Companies resources are allocated to majorly unproductive assets like Cash & Short Term Investments