Amwill Health Care balance sheet is weak and might have solvency issues

Yes, The debt of Amwill Health Care is increasing.
Latest debt of Amwill Health Care is -₹6.48 Crs as of Mar-24.
This is greater than Mar-23 when it was -₹13.59 Crs.

Yes, profit is increasing.
The profit of Amwill Health Care is ₹12.54 Crs for Mar 2024, ₹3.11 Crs for Mar 2023 and ₹2.57 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.
Amwill Health Care 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