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

Yes, The net debt of Kapston Services is increasing.
Latest net debt of Kapston Services is ₹112 Crs as of Sep-24.
This is greater than Mar-24 when it was ₹86.52 Crs.

Yes, profit is increasing.
The profit of Kapston Services is ₹14.55 Crs for TTM, ₹12.57 Crs for Mar 2024 and ₹5.07 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.
Kapston Services latest dividend payout ratio is 0% and 3yr average dividend payout ratio is 0%

Companies resources are allocated to majorly unproductive assets like Accounts Receivable