Citichem India balance sheet is weak and might have solvency issues

Yes, The debt of Citichem India is increasing.
Latest debt of Citichem India is ₹1.25 Crs as of Sep-24.
This is greater than Mar-24 when it was -₹0.04 Crs.

Yes, profit is increasing.
The profit of Citichem India is ₹1.12 Crs for Mar 2024, ₹0.36 Crs for Mar 2023 and ₹0.24 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.
Citichem India latest dividend payout ratio is 0% and 3yr average dividend payout ratio is 0%

Companies resources are majorly tied in miscellaneous assets