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

Yes, The net debt of Raymond Lifestyle is increasing.
Latest net debt of Raymond Lifestyle is ₹869 Crs as of Mar-25.
This is greater than Mar-24 when it was -₹41.61 Crs.

The profit is oscillating.
The profit of Raymond Lifestyle is ₹221 Crs for TTM, ₹2,204 Crs for Mar 2024 and ₹36.02 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.
Raymond Lifestyle latest dividend payout ratio is 0.1% and 3yr average dividend payout ratio is 0.1%

Companies resources are majorly tied in miscellaneous assets