Balance sheet of Novus Loyalty is strong.
It shouldn't have solvency or liquidity issues.

The net debt of Novus Loyalty is decreasing.
Latest net debt of Novus Loyalty is -₹123.17 Crs as of Mar-26.
This is less than Mar-25 when it was -₹3.8 Crs.

Yes, profit is increasing.
The profit of Novus Loyalty is ₹9.28 Crs for Mar 2026, ₹3.74 Crs for Mar 2025 and ₹2.96 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.
Novus Loyalty latest dividend payout ratio is 0% and 3yr average dividend payout ratio is 0%

Companies resources are allocated to majorly unproductive assets like Cash & Short Term Investments