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

Yes, The net debt of Gretex Ind is increasing.
Latest net debt of Gretex Ind is ₹7.29 Crs as of Mar-25.
This is greater than Mar-24 when it was -₹1.32 Crs.

The profit is oscillating.
The profit of Gretex Ind is ₹1.42 Crs for Mar 2025, ₹9.95 Crs for Mar 2024 and ₹0.64 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.
Gretex Ind latest dividend payout ratio is 0% and 3yr average dividend payout ratio is 0%

Companies resources are majorly tied in miscellaneous assets