Balance sheet of Tunwal E-Motors is strong.
But short term working capital might become an issue for this company.

Yes, The net debt of Tunwal E-Motors is increasing.
Latest net debt of Tunwal E-Motors is ₹21.99 Crs as of Mar-25.
This is greater than Mar-24 when it was ₹15.25 Crs.

Yes, profit is increasing.
The profit of Tunwal E-Motors is ₹11.86 Crs for TTM, ₹11.81 Crs for Mar 2024 and ₹3.72 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.
Tunwal E-Motors latest dividend payout ratio is 0% and 3yr average dividend payout ratio is 0%

Companies resources are allocated to majorly unproductive assets like Inventory