KSH International balance sheet is weak and might have solvency issues

Yes, The net debt of KSH International is increasing.
Latest net debt of KSH International is ₹338 Crs as of Mar-25.
This is greater than Mar-24 when it was ₹171 Crs.

Yes, profit is increasing.
The profit of KSH International is ₹67.99 Crs for Mar 2025, ₹37.35 Crs for Mar 2024 and ₹26.61 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.
KSH International latest dividend payout ratio is 0% and 3yr average dividend payout ratio is 0%

Companies resources are allocated to majorly unproductive assets like Capital Work in Progress