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

The net debt of Zelio E-Mobility is decreasing.
Latest net debt of Zelio E-Mobility is -₹6.18 Crs as of Mar-26.
This is less than Mar-25 when it was ₹30.3 Crs.

Yes, profit is increasing.
The profit of Zelio E-Mobility is ₹28.39 Crs for TTM, ₹16.01 Crs for Mar 2025 and ₹6.31 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.
Zelio E-Mobility latest dividend payout ratio is 0% and 3yr average dividend payout ratio is 0%

Companies resources are allocated to majorly unproductive assets like Inventory