Balance sheet of Union Bearings is moderately strong.

Yes, The net debt of Union Bearings is increasing.
Latest net debt of Union Bearings is ₹0.17 Crs as of Mar-05.
This is greater than Mar-04 when it was ₹0.17 Crs.

The profit is oscillating.
The profit of Union Bearings is ₹0 Crs for Mar 2005, -₹0.02 Crs for Mar 2004 and ₹0 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.
Union Bearings latest dividend payout ratio is 0% and 3yr average dividend payout ratio is 0%

Companies resources are majorly tied in miscellaneous assets