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

Yes, The debt of Manoj Jewellers is increasing.
Latest debt of Manoj Jewellers is ₹18.49 Crs as of Mar-25.
This is greater than Mar-24 when it was ₹8.83 Crs.

The profit is oscillating.
The profit of Manoj Jewellers is ₹2.5 Crs for TTM, ₹3.24 Crs for Mar 2024 and ₹0.62 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.
Manoj Jewellers latest dividend payout ratio is 0% and 3yr average dividend payout ratio is 0%

Companies resources are allocated to majorly unproductive assets like Inventory