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Balance sheet of Thermax is strong.
It shouldn't have solvency or liquidity issues.
Yes, The debt of Thermax is increasing.
Latest debt of Thermax is ₹685 Crs as of Sep-24.
This is greater than Mar-24 when it was -₹694.32 Crs.
The profit is oscillating.
The profit of Thermax is ₹610 Crs for TTM, ₹645 Crs for Mar 2024 and ₹450 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.
Thermax latest dividend payout ratio is 20.94% and 3yr average dividend payout ratio is 26.13%
Companies resources are allocated to majorly productive assets like Plant & Machinery