Balance sheet of Ashima is moderately strong.

The debt of Ashima is decreasing.
Latest debt of Ashima is -₹56.38 Crs as of Mar-25.
This is less than Mar-24 when it was -₹16.52 Crs.

No, profit is decreasing.
The profit of Ashima is -₹22.75 Crs for TTM, -₹19 Crs for Mar 2025 and ₹96.41 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.
Ashima latest dividend payout ratio is 0% and 3yr average dividend payout ratio is 0%

Companies resources are majorly tied in miscellaneous assets