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

Yes, The debt of Mallcom is increasing.
Latest debt of Mallcom is ₹71.83 Crs as of Sep-24.
This is greater than Mar-24 when it was ₹27.92 Crs.

The profit is oscillating.
The profit of Mallcom is ₹39.47 Crs for TTM, ₹36.32 Crs for Mar 2024 and ₹36.94 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.
Mallcom latest dividend payout ratio is 5.15% and 3yr average dividend payout ratio is 5.32%

Companies resources are allocated to majorly productive assets like Plant & Machinery and unproductive assets like Inventory