Balance sheet of Patel Retail is strong.
But short term working capital might become an issue for this company.

The net debt of Patel Retail is decreasing.
Latest net debt of Patel Retail is ₹158 Crs as of Mar-25.
This is less than Mar-24 when it was ₹181 Crs.

Yes, profit is increasing.
The profit of Patel Retail is ₹25.28 Crs for Mar 2025, ₹22.53 Crs for Mar 2024 and ₹16.38 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.
Patel Retail latest dividend payout ratio is 2.33% and 3yr average dividend payout ratio is 2.33%

Companies resources are allocated to majorly unproductive assets like Inventory, Accounts Receivable