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Patel Engineering balance sheet is weak and might have solvency issues
The debt of Patel Engineering is decreasing.
Latest debt of Patel Engineering is ₹1,190 Crs as of Sep-24.
This is less than Mar-24 when it was ₹1,208 Crs.
Yes, profit is increasing.
The profit of Patel Engineering is ₹342 Crs for TTM, ₹270 Crs for Mar 2024 and ₹167 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.
Patel Engineering latest dividend payout ratio is 0% and 3yr average dividend payout ratio is 0%
Companies resources are allocated to majorly unproductive assets like Cash & Short Term Investments, Inventory