Balance sheet of Icodex Publishing is strong.
It shouldn't have solvency or liquidity issues.

The net debt of Icodex Publishing is decreasing.
Latest net debt of Icodex Publishing is -₹18.38 Crs as of Sep-25.
This is less than Mar-25 when it was -₹4.27 Crs.

Yes, profit is increasing.
The profit of Icodex Publishing is ₹9.82 Crs for TTM, ₹8.96 Crs for Mar 2025 and ₹4.4 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.
Icodex Publishing 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 Capital Work in Progress