Balance sheet of Ikoma Technologies is strong.
It shouldn't have solvency or liquidity issues.

Yes, The net debt of Ikoma Technologies is increasing.
Latest net debt of Ikoma Technologies is ₹0.56 Crs as of Mar-25.
This is greater than Mar-24 when it was -₹10.37 Crs.

The profit is oscillating.
The profit of Ikoma Technologies is -₹1.56 Crs for TTM, ₹5.12 Crs for Mar 2024 and -₹0.56 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.
Ikoma Technologies latest dividend payout ratio is 33.33% and 3yr average dividend payout ratio is 33.33%

Companies resources are allocated to majorly unproductive assets like Accounts Receivable