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

Yes, The net debt of Ravelcare is increasing.
Latest net debt of Ravelcare is -₹1.02 Crs as of Mar-26.
This is greater than Mar-25 when it was -₹1.35 Crs.

The profit is oscillating.
The profit of Ravelcare is ₹3.44 Crs for TTM, ₹5.25 Crs for Mar 2025 and ₹5.02 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.
Ravelcare 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