Balance sheet of Modern Diagnostic is strong.
But short term working capital might become an issue for this company.

Yes, The net debt of Modern Diagnostic is increasing.
Latest net debt of Modern Diagnostic is ₹21.31 Crs as of Mar-25.
This is greater than Mar-24 when it was ₹20.03 Crs.

Yes, profit is increasing.
The profit of Modern Diagnostic is ₹8.97 Crs for Mar 2025, ₹5.79 Crs for Mar 2024 and -₹5.73 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.
Modern Diagnostic latest dividend payout ratio is 0% and 3yr average dividend payout ratio is 0%

Companies resources are allocated to majorly unproductive assets like Capital Work in Progress