Balance sheet of Axis Solution is strong.
It shouldn't have solvency or liquidity issues.

Yes, The net debt of Axis Solution is increasing.
Latest net debt of Axis Solution is ₹32.81 Crs as of Mar-25.
This is greater than Mar-24 when it was ₹28.53 Crs.

The profit is oscillating.
The profit of Axis Solution is ₹26.25 Crs for TTM, ₹31.74 Crs for Mar 2024 and -₹33.17 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.
Axis Solution 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 Accounts Receivable