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Balance sheet of Promax Power is strong.
It shouldn't have solvency or liquidity issues.
The net debt of Promax Power is decreasing.
Latest net debt of Promax Power is ₹2.46 Crs as of Mar-24.
This is less than Mar-23 when it was ₹3.42 Crs.
Yes, profit is increasing.
The profit of Promax Power is ₹2.34 Crs for TTM, ₹1.37 Crs for Mar 2024 and ₹0.71 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.
Promax Power latest dividend payout ratio is 0% and 3yr average dividend payout ratio is 0%
Companies resources are allocated to majorly unproductive assets like Accounts Receivable