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LT Elevator balance sheet is weak and might have solvency issues
Yes, The net debt of LT Elevator is increasing.
Latest net debt of LT Elevator is ₹7.24 Crs as of Mar-24.
This is greater than Mar-23 when it was ₹6.79 Crs.
Yes, profit is increasing.
The profit of LT Elevator is ₹3.17 Crs for Mar 2024, ₹1.25 Crs for Mar 2023 and -₹0.43 Crs for Mar 2022
The company seems to be paying a very low dividend.
Investors need to see where the company is allocating its profits.
LT Elevator latest dividend payout ratio is 0% and 3yr average dividend payout ratio is 0%
Companies resources are allocated to majorly unproductive assets like Inventory, Short Term Loans & Advances