Divine Hira Jeweller balance sheet is weak and might have solvency issues

Yes, The debt of Divine Hira Jeweller is increasing.
Latest debt of Divine Hira Jeweller is ₹15.11 Crs as of Mar-24.
This is greater than Mar-23 when it was ₹12.99 Crs.

Yes, profit is increasing.
The profit of Divine Hira Jeweller is ₹1.48 Crs for Mar 2024, ₹0.77 Crs for Mar 2023 and ₹0 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.
Divine Hira Jeweller 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