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

Yes, The debt of Delaplex is increasing.
Latest debt of Delaplex is -₹8.21 Crs as of Mar-25.
This is greater than Mar-24 when it was -₹22.87 Crs.

Yes, profit is increasing.
The profit of Delaplex is ₹12.2 Crs for Mar 2025, ₹10.08 Crs for Mar 2024 and ₹8.23 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.
Delaplex latest dividend payout ratio is 20.53% and 3yr average dividend payout ratio is 20.53%

Companies resources are majorly tied in miscellaneous assets