Tirupati Tyres balance sheet is weak and might have solvency issues

Yes, The net debt of Tirupati Tyres is increasing.
Latest net debt of Tirupati Tyres is ₹4.42 Crs as of Mar-25.
This is greater than Mar-24 when it was -₹0.04 Crs.

The profit is oscillating.
The profit of Tirupati Tyres is ₹1.57 Crs for TTM, ₹0.09 Crs for Mar 2024 and ₹0.22 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.
Tirupati Tyres 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