Crystal Crop Protect balance sheet is weak and might have solvency issues

Yes, The net debt of Crystal Crop Protect is increasing.
Latest net debt of Crystal Crop Protect is ₹857 Crs as of Mar-25.
This is greater than Mar-24 when it was ₹429 Crs.

Yes, profit is increasing.
The profit of Crystal Crop Protect is ₹119 Crs for Mar 2025, ₹89.19 Crs for Mar 2024 and ₹77.17 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.
Crystal Crop Protect latest dividend payout ratio is 7.15% and 3yr average dividend payout ratio is 11.39%

Companies resources are allocated to majorly productive assets like Plant & Machinery and unproductive assets like Inventory