Balance sheet of Urban Company is strong.
It shouldn't have solvency or liquidity issues.

Yes, The net debt of Urban Company is increasing.
Latest net debt of Urban Company is -₹851 Crs as of Sep-25.
This is greater than Mar-25 when it was -₹1,181.37 Crs.

The profit is oscillating.
The profit of Urban Company is ₹167 Crs for TTM, ₹240 Crs for Mar 2025 and -₹92.77 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.
Urban Company 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