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

Yes, The debt of Alicon Castalloy is increasing.
Latest debt of Alicon Castalloy is ₹286 Crs as of Mar-24.
This is greater than Mar-23 when it was ₹277 Crs.

Yes, profit is increasing.
The profit of Alicon Castalloy is ₹70.83 Crs for TTM, ₹61.37 Crs for Mar 2024 and ₹51.42 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.
Alicon Castalloy latest dividend payout ratio is 19.69% and 3yr average dividend payout ratio is 18.09%

Companies resources are allocated to majorly productive assets like Plant & Machinery and unproductive assets like Accounts Receivable