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Balance sheet of Praveg is strong.
It shouldn't have solvency or liquidity issues.
Yes, The debt of Praveg is increasing.
Latest debt of Praveg is -₹110.7 Crs as of Sep-24.
This is greater than Mar-24 when it was -₹151.08 Crs.
The profit is oscillating.
The profit of Praveg is ₹14.36 Crs for TTM, ₹13 Crs for Mar 2024 and ₹28.43 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.
Praveg latest dividend payout ratio is 18.87% and 3yr average dividend payout ratio is 37.46%
Companies resources are allocated to majorly productive assets like Plant & Machinery and unproductive assets like Cash & Short Term Investments