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

Yes, The net debt of GSFC is increasing.
Latest net debt of GSFC is -₹833.91 Crs as of Sep-25.
This is greater than Mar-25 when it was -₹3,813.62 Crs.

Yes, profit is increasing.
The profit of GSFC is ₹653 Crs for TTM, ₹591 Crs for Mar 2025 and ₹564 Crs for Mar 2024.

The company seems to be paying a very low dividend.
Investors need to see where the company is allocating its profits.
GSFC latest dividend payout ratio is 33.71% and 3yr average dividend payout ratio is 31.15%

Companies resources are allocated to majorly productive assets like Plant & Machinery and unproductive assets like Capital Work in Progress, Inventory, Accounts Receivable, Short Term Loans & Advances