Andhra Cements balance sheet is weak and might have solvency issues

Yes, The debt of Andhra Cements is increasing.
Latest debt of Andhra Cements is ₹621 Crs as of Mar-24.
This is greater than Mar-23 when it was ₹419 Crs.

The profit is oscillating.
The profit of Andhra Cements is -₹64.54 Crs for TTM, -₹65.61 Crs for Mar 2024 and ₹950 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.
Andhra Cements latest dividend payout ratio is 0% and 3yr average dividend payout ratio is 0%

Companies resources are allocated to majorly productive assets like Plant & Machinery and unproductive assets like Inventory