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

Yes, The net debt of Lloyds Luxuries is increasing.
Latest net debt of Lloyds Luxuries is -₹4.02 Crs as of Sep-25.
This is greater than Mar-25 when it was -₹15.04 Crs.

The profit is oscillating.
The profit of Lloyds Luxuries is -₹39.62 Crs for TTM, -₹6.66 Crs for Mar 2025 and -₹8.01 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.
Lloyds Luxuries 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 Cash & Short Term Investments