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

Yes, The debt of Aeroflex Industries is increasing.
Latest debt of Aeroflex Industries is -₹59.18 Crs as of Sep-24.
This is greater than Mar-24 when it was -₹211.23 Crs.

Yes, profit is increasing.
The profit of Aeroflex Industries is ₹45.13 Crs for TTM, ₹41.73 Crs for Mar 2024 and ₹30.15 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.
Aeroflex Industries latest dividend payout ratio is 7.75% and 3yr average dividend payout ratio is 7.88%

Companies resources are allocated to majorly unproductive assets like Cash & Short Term Investments