Cityman balance sheet is weak and might have solvency issues

Yes, The debt of Cityman is increasing.
Latest debt of Cityman is ₹13.84 Crs as of Sep-24.
This is greater than Mar-24 when it was ₹13.65 Crs.

The profit is oscillating.
The profit of Cityman is -₹0.35 Crs for Mar 2024, ₹2.99 Crs for Mar 2023 and -₹0.29 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.
Cityman latest dividend payout ratio is 0% and 3yr average dividend payout ratio is 0%

Companies resources are majorly tied in miscellaneous assets