Balance sheet of Nettlinx is moderately strong.

Yes, The debt of Nettlinx is increasing.
Latest debt of Nettlinx is ₹18.7 Crs as of Mar-25.
This is greater than Mar-24 when it was ₹10.76 Crs.

The profit is oscillating.
The profit of Nettlinx is ₹6.65 Crs for TTM, ₹8.16 Crs for Mar 2024 and -₹0.03 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.
Nettlinx latest dividend payout ratio is 11.86% and 3yr average dividend payout ratio is 11.86%

Companies resources are allocated to majorly unproductive assets like Accounts Receivable