Globus Power Generat balance sheet is weak and might have solvency issues

Yes, The debt of Globus Power Generat is increasing.
Latest debt of Globus Power Generat is -₹0.04 Crs as of Sep-24.
This is greater than Mar-24 when it was -₹0.06 Crs.

The profit is oscillating.
The profit of Globus Power Generat is ₹5.8 Crs for TTM, ₹6.75 Crs for Mar 2024 and -₹12.45 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.
Globus Power Generat 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 Cash & Short Term Investments, Capital Work in Progress, Inventory, Accounts Receivable, Short Term Loans & Advances