Bhadora Industries balance sheet is weak and might have solvency issues

Yes, The net debt of Bhadora Industries is increasing.
Latest net debt of Bhadora Industries is ₹7.27 Crs as of Mar-25.
This is greater than Mar-24 when it was ₹6.88 Crs.

Yes, profit is increasing.
The profit of Bhadora Industries is ₹10.79 Crs for Mar 2025, ₹4.96 Crs for Mar 2024 and ₹0.18 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.
Bhadora 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 Accounts Receivable