Balance sheet of Tejas Networks is moderately strong, But short term working capital might become an issue for this company.

Yes, The net debt of Tejas Networks is increasing.
Latest net debt of Tejas Networks is ₹2,590 Crs as of Mar-25.
This is greater than Mar-24 when it was ₹1,140 Crs.

The profit is oscillating.
The profit of Tejas Networks is ₹175 Crs for TTM, ₹447 Crs for Mar 2025 and ₹62.98 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.
Tejas Networks latest dividend payout ratio is 9.87% and 3yr average dividend payout ratio is 9.87%

Companies resources are allocated to majorly unproductive assets like Accounts Receivable