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

The debt of Airan is decreasing.
Latest debt of Airan is -₹19.32 Crs as of Sep-24.
This is less than Mar-24 when it was -₹15.18 Crs.

Yes, profit is increasing.
The profit of Airan is ₹27.02 Crs for TTM, ₹12.55 Crs for Mar 2024 and ₹10.36 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.
Airan 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