Balance sheet of Earthstahl & Alloys is moderately strong, But short term working capital might become an issue for this company.

Yes, The net debt of Earthstahl & Alloys is increasing.
Latest net debt of Earthstahl & Alloys is ₹20.27 Crs as of Sep-25.
This is greater than Mar-25 when it was ₹18.22 Crs.

No, profit is decreasing.
The profit of Earthstahl & Alloys is -₹3.33 Crs for TTM, ₹0.53 Crs for Mar 2025 and ₹1.89 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.
Earthstahl & Alloys latest dividend payout ratio is 8.15% and 3yr average dividend payout ratio is 8.15%

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