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

The debt of Indegene is decreasing.
Latest debt of Indegene is -₹549.7 Crs as of Sep-24.
This is less than Mar-24 when it was ₹21.1 Crs.

Yes, profit is increasing.
The profit of Indegene is ₹384 Crs for TTM, ₹337 Crs for Mar 2024 and ₹266 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.
Indegene 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