Balance sheet of Eco Recycling is strong.
It shouldn't have solvency or liquidity issues.

Yes, The debt of Eco Recycling is increasing.
Latest debt of Eco Recycling is ₹0.02 Crs as of Sep-24.
This is greater than Mar-24 when it was -₹2.93 Crs.

Yes, profit is increasing.
The profit of Eco Recycling is ₹22.74 Crs for TTM, ₹17.83 Crs for Mar 2024 and ₹6.19 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.
Eco Recycling latest dividend payout ratio is 15.2% and 3yr average dividend payout ratio is 15.2%

Companies resources are allocated to majorly productive assets like Plant & Machinery and unproductive assets like Cash & Short Term Investments