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Balance sheet of Nitiraj Engineers is strong.
It shouldn't have solvency or liquidity issues.
The net debt of Nitiraj Engineers is decreasing.
Latest net debt of Nitiraj Engineers is -₹5.51 Crs as of Mar-24.
This is less than Mar-23 when it was ₹1.56 Crs.
Yes, profit is increasing.
The profit of Nitiraj Engineers is ₹12.04 Crs for Mar 2024, -₹0.37 Crs for Mar 2023 and -₹3.36 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.
Nitiraj Engineers latest dividend payout ratio is 12.78% and 3yr average dividend payout ratio is 12.78%
Companies resources are allocated to majorly unproductive assets like Cash & Short Term Investments, Accounts Receivable