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Energy Development balance sheet is weak and might have solvency issues
Yes, The net debt of Energy Development is increasing.
Latest net debt of Energy Development is ₹135 Crs as of Sep-24.
This is greater than Mar-24 when it was ₹118 Crs.
No, profit is decreasing.
The profit of Energy Development is -₹75.44 Crs for TTM, -₹2.17 Crs for Mar 2024 and ₹4.21 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.
Energy Development latest dividend payout ratio is 0% and 3yr average dividend payout ratio is 0%
Companies resources are majorly tied in miscellaneous assets