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Swelect Energy balance sheet is weak and might have solvency issues
Yes, The debt of Swelect Energy is increasing.
Latest debt of Swelect Energy is ₹387 Crs as of Sep-24.
This is greater than Mar-24 when it was ₹98.16 Crs.
The profit is oscillating.
The profit of Swelect Energy is ₹40.21 Crs for TTM, ₹62.01 Crs for Mar 2024 and ₹5.54 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.
Swelect Energy latest dividend payout ratio is 9.78% and 3yr average dividend payout ratio is 18.87%
Companies resources are allocated to majorly productive assets like Plant & Machinery and unproductive assets like Inventory