Bai-Kakaji Polymers balance sheet is weak and might have solvency issues

Yes, The net debt of Bai-Kakaji Polymers is increasing.
Latest net debt of Bai-Kakaji Polymers is ₹108 Crs as of Mar-25.
This is greater than Mar-24 when it was ₹35.24 Crs.

Yes, profit is increasing.
The profit of Bai-Kakaji Polymers is ₹18.37 Crs for Mar 2025, ₹9.38 Crs for Mar 2024 and ₹4.18 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.
Bai-Kakaji Polymers latest dividend payout ratio is 0% and 3yr average dividend payout ratio is 0%

Companies resources are allocated to majorly productive assets like Plant & Machinery