**Debt : **Generally I am wary of investing in companies with debt on their books. Sunil Hitech Engineers has a debt of 454 cr against a Net Worth of Rs347.00 cr converting into a Debt Equity Ratio of 1.3:1 and about 3.4 times the FY14 EBIT of the company. I have gone through Balance Sheets of other well performing Engineering Companies such as Suprajit Engineering, Technocraft Industries , KEC International and J Kumar Infra and all of them have Debt higher than one years EBIT and Sunil Hitech Engineers would fall in the middle of this list.