Balance sheet of Aksharchem (I) is moderately strong, But short term working capital might become an issue for this company.

Yes, The net debt of Aksharchem (I) is increasing.
Latest net debt of Aksharchem (I) is ₹63.27 Crs as of Mar-25.
This is greater than Mar-24 when it was ₹46.76 Crs.

The profit is oscillating.
The profit of Aksharchem (I) is ₹4.33 Crs for TTM, ₹4.77 Crs for Mar 2025 and -₹18.68 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.
Aksharchem (I) latest dividend payout ratio is 12.63% and 3yr average dividend payout ratio is 12.63%

Companies resources are allocated to majorly unproductive assets like Capital Work in Progress