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Balance sheet of HLV is strong.
But short term working capital might become an issue for this company.
The debt of HLV is decreasing.
Latest debt of HLV is -₹216.35 Crs as of Mar-24.
This is less than Mar-23 when it was -₹89.6 Crs.
Yes, profit is increasing.
The profit of HLV is ₹25.73 Crs for TTM, ₹23.8 Crs for Mar 2024 and ₹7.65 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.
HLV latest dividend payout ratio is 0% and 3yr average dividend payout ratio is 0%
Companies resources are allocated to majorly unproductive assets like Cash & Short Term Investments, Short Term Loans & Advances