A And M Jumbo Bags balance sheet is weak and might have solvency issues

Yes, The debt of A And M Jumbo Bags is increasing.
Latest debt of A And M Jumbo Bags is ₹7.36 Crs as of Sep-24.
This is greater than Mar-24 when it was ₹7.16 Crs.

The profit is oscillating.
The profit of A And M Jumbo Bags is -₹0.1 Crs for Mar 2024, -₹1.8 Crs for Mar 2023 and -₹0.22 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.
A And M Jumbo Bags 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