Teamtech Formwork balance sheet is weak and might have solvency issues

Yes, The net debt of Teamtech Formwork is increasing.
Latest net debt of Teamtech Formwork is ₹16.64 Crs as of Mar-26.
This is greater than Mar-25 when it was ₹10.82 Crs.

Yes, profit is increasing.
The profit of Teamtech Formwork is ₹11.59 Crs for Mar 2026, ₹7.84 Crs for Mar 2025 and ₹7.69 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.
Teamtech Formwork latest dividend payout ratio is 3.33% and 3yr average dividend payout ratio is 3.33%

Companies resources are allocated to majorly unproductive assets like Accounts Receivable