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Balance sheet of IEL is strong.
It shouldn't have solvency or liquidity issues.
Yes, The debt of IEL is increasing.
Latest debt of IEL is ₹0.79 Crs as of Sep-24.
This is greater than Mar-24 when it was ₹0.12 Crs.
The profit is oscillating.
The profit of IEL is ₹0.79 Crs for TTM, ₹0.26 Crs for Mar 2024 and ₹2.37 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.
IEL latest dividend payout ratio is 0% and 3yr average dividend payout ratio is 0%
Companies resources are allocated to majorly unproductive assets like Inventory, Short Term Loans & Advances