Nilachal Carbo Metal balance sheet is weak and might have solvency issues

Yes, The net debt of Nilachal Carbo Metal is increasing.
Latest net debt of Nilachal Carbo Metal is ₹21.1 Crs as of Mar-25.
This is greater than Mar-24 when it was ₹17.46 Crs.

The profit is oscillating.
The profit of Nilachal Carbo Metal is ₹14.02 Crs for Mar 2025, ₹15.82 Crs for Mar 2024 and ₹14.82 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.
Nilachal Carbo Metal 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, Accounts Receivable, Short Term Loans & Advances