Balance sheet of Onix Solar Energy is strong.
It shouldn't have solvency or liquidity issues.

Yes, The net debt of Onix Solar Energy is increasing.
Latest net debt of Onix Solar Energy is -₹1.64 Crs as of Mar-25.
This is greater than Mar-24 when it was -₹7.38 Crs.

The profit is oscillating.
The profit of Onix Solar Energy is ₹1.45 Crs for TTM, ₹0.21 Crs for Mar 2024 and ₹2.09 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.
Onix Solar Energy latest dividend payout ratio is 0% and 3yr average dividend payout ratio is 0%

Companies resources are allocated to majorly productive assets like Plant & Machinery and unproductive assets like Cash & Short Term Investments, Capital Work in Progress, Inventory, Accounts Receivable