Balance sheet of Armour Security (I) is strong.
It shouldn't have solvency or liquidity issues.

Yes, The net debt of Armour Security (I) is increasing.
Latest net debt of Armour Security (I) is ₹3.68 Crs as of Mar-25.
This is greater than Mar-24 when it was -₹1.57 Crs.

Yes, profit is increasing.
The profit of Armour Security (I) is ₹3.97 Crs for Mar 2025, ₹2.62 Crs for Mar 2024 and ₹2.26 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.
Armour Security (I) latest dividend payout ratio is 0% and 3yr average dividend payout ratio is 0%

Companies resources are majorly tied in miscellaneous assets