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

The debt of Sikko Industries is decreasing.
Latest debt of Sikko Industries is ₹3.94 Crs as of Sep-24.
This is less than Mar-24 when it was ₹5.74 Crs.

Yes, profit is increasing.
The profit of Sikko Industries is ₹5.8 Crs for TTM, ₹4.06 Crs for Mar 2024 and ₹2.89 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.
Sikko Industries latest dividend payout ratio is 8.71% and 3yr average dividend payout ratio is 8.71%

Companies resources are allocated to majorly unproductive assets like Inventory, Short Term Loans & Advances