ETT balance sheet is weak and might have solvency issues

Yes, The debt of ETT is increasing.
Latest debt of ETT is -₹0.05 Crs as of Sep-24.
This is greater than Mar-24 when it was -₹0.07 Crs.

The profit is oscillating.
The profit of ETT is ₹1.73 Crs for Mar 2024, ₹8.5 Crs for Mar 2023 and -₹0.17 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.
ETT latest dividend payout ratio is 0% and 3yr average dividend payout ratio is 0%

Companies resources are allocated to majorly unproductive assets like Short Term Loans & Advances