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Balance sheet of NELCO is strong.
But short term working capital might become an issue for this company.
Yes, The debt of NELCO is increasing.
Latest debt of NELCO is ₹18.06 Crs as of Sep-24.
This is greater than Mar-24 when it was -₹8.23 Crs.
The profit is oscillating.
The profit of NELCO is ₹19.18 Crs for TTM, ₹23.67 Crs for Mar 2024 and ₹19.85 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.
NELCO latest dividend payout ratio is 21.21% and 3yr average dividend payout ratio is 23.25%
Companies resources are majorly tied in miscellaneous assets