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

The net debt of SPEB Adhesives is decreasing.
Latest net debt of SPEB Adhesives is -₹29.68 Crs as of Mar-26.
This is less than Mar-25 when it was -₹29.59 Crs.

Yes, profit is increasing.
The profit of SPEB Adhesives is ₹6.46 Crs for TTM, ₹5.89 Crs for Mar 2025 and ₹4.94 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.
SPEB Adhesives 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