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

The net debt of IEL is decreasing.
Latest net debt of IEL is -₹24.32 Crs as of Mar-25.
This is less than Mar-24 when it was ₹0.12 Crs.

The profit is oscillating.
The profit of IEL is ₹0.26 Crs for Mar 2024, ₹2.37 Crs for Mar 2023 and ₹0.32 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.
IEL latest dividend payout ratio is 0% and 3yr average dividend payout ratio is 0%

Companies resources are allocated to majorly unproductive assets like Inventory, Short Term Loans & Advances