Balance sheet of Lenskart Solutions is strong.
It shouldn't have solvency or liquidity issues.

Yes, The net debt of Lenskart Solutions is increasing.
Latest net debt of Lenskart Solutions is -₹833.3 Crs as of Sep-25.
This is greater than Mar-25 when it was -₹1,381.73 Crs.

The profit is oscillating.
The profit of Lenskart Solutions is ₹191 Crs for TTM, ₹296 Crs for Mar 2025 and -₹17.46 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.
Lenskart Solutions 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 and unproductive assets like Inventory