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Balance sheet of Evans Electric is strong.
It shouldn't have solvency or liquidity issues.
Yes, The debt of Evans Electric is increasing.
Latest debt of Evans Electric is -₹0.4 Crs as of Sep-24.
This is greater than Mar-24 when it was -₹4.49 Crs.
The profit is oscillating.
The profit of Evans Electric is ₹2.83 Crs for TTM, ₹5.07 Crs for Mar 2024 and ₹3.66 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.
Evans Electric latest dividend payout ratio is 16.23% and 3yr average dividend payout ratio is 21.51%
Companies resources are allocated to majorly unproductive assets like Accounts Receivable