Balance sheet of Sagarsoft (India) is strong.
It shouldn't have solvency or liquidity issues.

Yes, The net debt of Sagarsoft (India) is increasing.
Latest net debt of Sagarsoft (India) is -₹30.19 Crs as of Mar-25.
This is greater than Mar-24 when it was -₹42.66 Crs.

The profit is oscillating.
The profit of Sagarsoft (India) is ₹5.42 Crs for TTM, ₹8.4 Crs for Mar 2024 and ₹7.63 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.
Sagarsoft (India) latest dividend payout ratio is 15.23% and 3yr average dividend payout ratio is 18.7%

Companies resources are allocated to majorly unproductive assets like Accounts Receivable