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

The debt of Vesuvius India is decreasing.
Latest debt of Vesuvius India is -₹964.06 Crs as of Dec-24.
This is less than Dec-23 when it was -₹930.59 Crs.

Yes, profit is increasing.
The profit of Vesuvius India is ₹265 Crs for Dec 2024, ₹213 Crs for Dec 2023 and ₹117 Crs for Dec 2022

The company seems to be paying a very low dividend.
Investors need to see where the company is allocating its profits.
Vesuvius India latest dividend payout ratio is 11.13% and 3yr average dividend payout ratio is 12.54%

Companies resources are allocated to majorly productive assets like Plant & Machinery and unproductive assets like Capital Work in Progress, Accounts Receivable