Alok Industries balance sheet is weak and might have solvency issues

Yes, The net debt of Alok Industries is increasing.
Latest net debt of Alok Industries is ₹25,860 Crs as of Mar-26.
This is greater than Mar-25 when it was ₹25,818 Crs.

Yes, profit is increasing.
The profit of Alok Industries is -₹709.87 Crs for TTM, -₹744.11 Crs for Mar 2026 and -₹816.43 Crs for Mar 2025.

The company seems to be paying a very low dividend.
Investors need to see where the company is allocating its profits.
Alok Industries 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, Short Term Loans & Advances