Balance sheet of Aditya Ultra Steel is strong.
But short term working capital might become an issue for this company.

Yes, The net debt of Aditya Ultra Steel is increasing.
Latest net debt of Aditya Ultra Steel is ₹48.81 Crs as of Mar-25.
This is greater than Mar-24 when it was ₹47.62 Crs.

Yes, profit is increasing.
The profit of Aditya Ultra Steel is ₹9.33 Crs for Mar 2025, ₹7.69 Crs for Mar 2024 and ₹2.78 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.
Aditya Ultra Steel latest dividend payout ratio is 0% and 3yr average dividend payout ratio is 0%

Companies resources are allocated to majorly unproductive assets like Inventory, Short Term Loans & Advances