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

The debt of Qualitek Labs is decreasing.
Latest debt of Qualitek Labs is ₹14.78 Crs as of Sep-24.
This is less than Mar-23 when it was ₹22.76 Crs.

Yes, profit is increasing.
The profit of Qualitek Labs is ₹4.01 Crs for TTM, ₹2.97 Crs for Mar 2023 and ₹1.14 Crs for Mar 2022.

The company seems to be paying a very low dividend.
Investors need to see where the company is allocating its profits.
Qualitek Labs 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 Capital Work in Progress