Balance sheet of Canarys Automations is strong.
It shouldn't have solvency or liquidity issues.

Yes, The debt of Canarys Automations is increasing.
Latest debt of Canarys Automations is -₹12.27 Crs as of Sep-24.
This is greater than Mar-24 when it was -₹39.38 Crs.

The profit is oscillating.
The profit of Canarys Automations is ₹9.55 Crs for TTM, ₹7.99 Crs for Mar 2024 and ₹8.63 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.
Canarys Automations latest dividend payout ratio is 10.1% and 3yr average dividend payout ratio is 10.1%

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