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

Yes, The net debt of Varanium Cloud is increasing.
Latest net debt of Varanium Cloud is -₹21.42 Crs as of Sep-23.
This is greater than Mar-23 when it was -₹51.55 Crs.

Yes, profit is increasing.
The profit of Varanium Cloud is ₹97.04 Crs for TTM, ₹85.46 Crs for Mar 2023 and ₹8.4 Crs for Mar 2022.

The company seems to be paying a very low dividend.
Investors need to see where the company is allocating its profits.
Varanium Cloud latest dividend payout ratio is 7.64% and 3yr average dividend payout ratio is 7.64%

Companies resources are allocated to majorly unproductive assets like Accounts Receivable