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

Yes, The debt of FGP is increasing.
Latest debt of FGP is -₹0.04 Crs as of Sep-24.
This is greater than Mar-24 when it was -₹2.33 Crs.

The profit is oscillating.
The profit of FGP is ₹0.26 Crs for Mar 2024, -₹0.8 Crs for Mar 2023 and ₹0.95 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.
FGP latest dividend payout ratio is 0% and 3yr average dividend payout ratio is 0%

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