Balance sheet of Unjha Formulations is strong.
It shouldn't have solvency or liquidity issues.

Yes, The net debt of Unjha Formulations is increasing.
Latest net debt of Unjha Formulations is -₹0.64 Crs as of Mar-25.
This is greater than Mar-24 when it was -₹1.75 Crs.

The profit is oscillating.
The profit of Unjha Formulations is ₹0.28 Crs for Mar 2024, ₹0.28 Crs for Mar 2023 and ₹0.25 Crs for Mar 2022

The company seems to be paying a very low dividend.
Investors need to see where the company is allocating its profits.
Unjha Formulations 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, Accounts Receivable