Balance sheet of Travels & Rentals is strong.
It shouldn't have solvency or liquidity issues.

Yes, The debt of Travels & Rentals is increasing.
Latest debt of Travels & Rentals is ₹8.93 Crs as of Sep-24.
This is greater than Mar-24 when it was ₹4.24 Crs.

The profit is oscillating.
The profit of Travels & Rentals is ₹1.74 Crs for TTM, ₹2.97 Crs for Mar 2024 and ₹1.51 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.
Travels & Rentals 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, Short Term Loans & Advances