Balance sheet of Maithan Alloys is strong.
It shouldn't have solvency or liquidity issues.

Yes, The debt of Maithan Alloys is increasing.
Latest debt of Maithan Alloys is ₹326 Crs as of Sep-24.
This is greater than Mar-24 when it was -₹127.96 Crs.

The profit is oscillating.
The profit of Maithan Alloys is ₹831 Crs for TTM, ₹349 Crs for Mar 2024 and ₹499 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.
Maithan Alloys latest dividend payout ratio is 5.01% and 3yr average dividend payout ratio is 3.55%

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