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

Yes, The debt of Plastiblends India is increasing.
Latest debt of Plastiblends India is -₹2.07 Crs as of Sep-24.
This is greater than Mar-24 when it was -₹5.09 Crs.

Yes, profit is increasing.
The profit of Plastiblends India is ₹34.6 Crs for TTM, ₹34.53 Crs for Mar 2024 and ₹26.85 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.
Plastiblends India latest dividend payout ratio is 31.99% and 3yr average dividend payout ratio is 33.01%

Companies resources are allocated to majorly unproductive assets like Cash & Short Term Investments, Capital Work in Progress, Inventory