Balance sheet of GM Polyplast is strong.
It shouldn't have solvency or liquidity issues.

Yes, The net debt of GM Polyplast is increasing.
Latest net debt of GM Polyplast is -₹0.56 Crs as of Sep-25.
This is greater than Mar-25 when it was -₹1.11 Crs.

Yes, profit is increasing.
The profit of GM Polyplast is ₹7.44 Crs for Mar 2025, ₹7.09 Crs for Mar 2024 and ₹4.92 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.
GM Polyplast latest dividend payout ratio is 9.5% and 3yr average dividend payout ratio is 9.5%

Companies resources are allocated to majorly unproductive assets like Inventory, Accounts Receivable