Balance sheet of Tejas Cargo India is strong.
But short term working capital might become an issue for this company.

Yes, The debt of Tejas Cargo India is increasing.
Latest debt of Tejas Cargo India is ₹145 Crs as of Mar-24.
This is greater than Mar-23 when it was ₹75.8 Crs.

Yes, profit is increasing.
The profit of Tejas Cargo India is ₹13.22 Crs for Mar 2024, ₹9.86 Crs for Mar 2023 and ₹3.16 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.
Tejas Cargo India latest dividend payout ratio is 0% and 3yr average dividend payout ratio is 0%

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