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

Yes, The debt of GNFC is increasing.
Latest debt of GNFC is -₹1,858 Crs as of Sep-24.
This is greater than Mar-24 when it was -₹3,057.19 Crs.

No, profit is decreasing.
The profit of GNFC is ₹439 Crs for TTM, ₹497 Crs for Mar 2024 and ₹1,472 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.
GNFC latest dividend payout ratio is 48.78% and 3yr average dividend payout ratio is 29.85%

Companies resources are allocated to majorly productive assets like Plant & Machinery and unproductive assets like Cash & Short Term Investments, Capital Work in Progress, Inventory, Accounts Receivable