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

Yes, The net debt of SMR Jewels is increasing.
Latest net debt of SMR Jewels is ₹17.07 Crs as of Mar-26.
This is greater than Mar-25 when it was -₹11.74 Crs.

Yes, profit is increasing.
The profit of SMR Jewels is ₹21.41 Crs for TTM, ₹10.41 Crs for Mar 2025 and ₹3.85 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.
SMR Jewels 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, Inventory