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

The debt of IEL is decreasing.
Latest debt of IEL is -₹24.32 Crs as of Mar-25.
This is less than Mar-24 when it was ₹0.12 Crs.

No, profit is decreasing.
The profit of IEL is -₹0.61 Crs for TTM, ₹0.26 Crs for Mar 2024 and ₹2.37 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.
IEL latest dividend payout ratio is 0% and 3yr average dividend payout ratio is 0%

Companies resources are allocated to majorly unproductive assets like Inventory, Short Term Loans & Advances