Balance sheet of Excelsoft Technologi is strong.
It shouldn't have solvency or liquidity issues.

Yes, The net debt of Excelsoft Technologi is increasing.
Latest net debt of Excelsoft Technologi is -₹219.73 Crs as of Sep-25.
This is greater than Mar-25 when it was -₹478.99 Crs.

The profit is oscillating.
The profit of Excelsoft Technologi is ₹19.56 Crs for TTM, ₹34.69 Crs for Mar 2025 and ₹12.75 Crs for Mar 2024.

The company seems to be paying a very low dividend.
Investors need to see where the company is allocating its profits.
Excelsoft Technologi latest dividend payout ratio is 0% and 3yr average dividend payout ratio is 0%

Companies resources are allocated to majorly unproductive assets like Cash & Short Term Investments