Iware Supplychain balance sheet is weak and might have solvency issues

Yes, The net debt of Iware Supplychain is increasing.
Latest net debt of Iware Supplychain is ₹42.25 Crs as of Sep-25.
This is greater than Mar-25 when it was ₹23.78 Crs.

The profit is oscillating.
The profit of Iware Supplychain is ₹7.65 Crs for TTM, ₹8.02 Crs for Mar 2025 and ₹4.17 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.
Iware Supplychain 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 Accounts Receivable