Balance sheet of Transformers & Rect is strong.
It shouldn't have solvency or liquidity issues.

The debt of Transformers & Rect is decreasing.
Latest debt of Transformers & Rect is -₹60.41 Crs as of Mar-25.
This is less than Mar-24 when it was ₹202 Crs.

Yes, profit is increasing.
The profit of Transformers & Rect is ₹214 Crs for Mar 2025, ₹44.5 Crs for Mar 2024 and ₹40.74 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.
Transformers & Rect latest dividend payout ratio is 2.8% and 3yr average dividend payout ratio is 4.7%

Companies resources are majorly tied in miscellaneous assets