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

Yes, The debt of IST is increasing.
Latest debt of IST is -₹6.66 Crs as of Sep-24.
This is greater than Mar-24 when it was -₹12.87 Crs.

Yes, profit is increasing.
The profit of IST is ₹147 Crs for TTM, ₹126 Crs for Mar 2024 and ₹81.73 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.
IST latest dividend payout ratio is 0% and 3yr average dividend payout ratio is 0%

Companies resources are majorly tied in miscellaneous assets