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

The net debt of Rajoo Engineers is decreasing.
Latest net debt of Rajoo Engineers is -₹86.82 Crs as of Mar-25.
This is less than Mar-24 when it was -₹63.63 Crs.

Yes, profit is increasing.
The profit of Rajoo Engineers is ₹44.32 Crs for TTM, ₹21.01 Crs for Mar 2024 and ₹11.49 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.
Rajoo Engineers latest dividend payout ratio is 7.32% and 3yr average dividend payout ratio is 12.08%

Companies resources are allocated to majorly unproductive assets like Inventory