Balance sheet of REX Pipes and Cables is strong.
But short term working capital might become an issue for this company.

Yes, The net debt of REX Pipes and Cables is increasing.
Latest net debt of REX Pipes and Cables is ₹28.17 Crs as of Mar-25.
This is greater than Mar-24 when it was ₹21.81 Crs.

Yes, profit is increasing.
The profit of REX Pipes and Cables is ₹5.12 Crs for Mar 2025, ₹4.75 Crs for Mar 2024 and ₹3.62 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.
REX Pipes and Cables latest dividend payout ratio is 0% and 3yr average dividend payout ratio is 0%

Companies resources are allocated to majorly unproductive assets like Accounts Receivable, Short Term Loans & Advances