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

Yes, The debt of Marinetrans India is increasing.
Latest debt of Marinetrans India is ₹2.04 Crs as of Mar-24.
This is greater than Mar-23 when it was ₹1.5 Crs.

No, profit is decreasing.
The profit of Marinetrans India is ₹0.32 Crs for Mar 2024, ₹1.53 Crs for Mar 2023 and ₹1.86 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.
Marinetrans India latest dividend payout ratio is 0% and 3yr average dividend payout ratio is 0%

Companies resources are allocated to majorly unproductive assets like Accounts Receivable