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

The net debt of Foseco India is decreasing.
Latest net debt of Foseco India is -₹509.74 Crs as of Dec-24.
This is less than Dec-23 when it was -₹451.9 Crs.

Yes, profit is increasing.
The profit of Foseco India is ₹78.85 Crs for TTM, ₹73.03 Crs for Dec 2024 and ₹72.98 Crs for Dec 2023.

The company seems to be paying a very low dividend.
Investors need to see where the company is allocating its profits.
Foseco India latest dividend payout ratio is 21.86% and 3yr average dividend payout ratio is 33.1%

Companies resources are allocated to majorly unproductive assets like Cash & Short Term Investments, Accounts Receivable