Balance sheet of Asian Star Co is strong.
It shouldn't have solvency or liquidity issues.

Yes, The debt of Asian Star Co is increasing.
Latest debt of Asian Star Co is ₹111 Crs as of Mar-24.
This is greater than Mar-23 when it was -₹8.83 Crs.

No, profit is decreasing.
The profit of Asian Star Co is ₹71.53 Crs for TTM, ₹77.23 Crs for Mar 2024 and ₹82.64 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.
Asian Star Co latest dividend payout ratio is 3.11% and 3yr average dividend payout ratio is 2.86%

Companies resources are allocated to majorly unproductive assets like Inventory