Balance sheet of Neochem Bio Solution is strong.
But short term working capital might become an issue for this company.

Yes, The net debt of Neochem Bio Solution is increasing.
Latest net debt of Neochem Bio Solution is ₹35.55 Crs as of Mar-25.
This is greater than Mar-24 when it was ₹32.96 Crs.

Yes, profit is increasing.
The profit of Neochem Bio Solution is ₹7.75 Crs for Mar 2025, ₹1.8 Crs for Mar 2024 and ₹1.07 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.
Neochem Bio Solution latest dividend payout ratio is 0% and 3yr average dividend payout ratio is 0%

Companies resources are allocated to majorly unproductive assets like Inventory, Accounts Receivable