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

Yes, The net debt of Pakka is increasing.
Latest net debt of Pakka is ₹57.27 Crs as of Mar-25.
This is greater than Mar-24 when it was ₹43.49 Crs.

No, profit is decreasing.
The profit of Pakka is ₹32.8 Crs for TTM, ₹37.52 Crs for Mar 2025 and ₹40.81 Crs for Mar 2024.

The company seems to be paying a very low dividend.
Investors need to see where the company is allocating its profits.
Pakka latest dividend payout ratio is 19.85% and 3yr average dividend payout ratio is 19.85%

Companies resources are allocated to majorly unproductive assets like Capital Work in Progress