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Balance sheet of Thejo Engineering is strong.
It shouldn't have solvency or liquidity issues.
Yes, The debt of Thejo Engineering is increasing.
Latest debt of Thejo Engineering is -₹55.51 Crs as of Sep-24.
This is greater than Mar-24 when it was -₹121.19 Crs.
The profit is oscillating.
The profit of Thejo Engineering is ₹49.18 Crs for TTM, ₹55.64 Crs for Mar 2024 and ₹32.42 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.
Thejo Engineering latest dividend payout ratio is 5.8% and 3yr average dividend payout ratio is 6.02%
Companies resources are allocated to majorly unproductive assets like Cash & Short Term Investments, Accounts Receivable