Himalaya Food balance sheet is weak and might have solvency issues

Yes, The debt of Himalaya Food is increasing.
Latest debt of Himalaya Food is -₹0.96 Crs as of Mar-24.
This is greater than Mar-23 when it was -₹1.14 Crs.

The profit is oscillating.
The profit of Himalaya Food is ₹4.86 Crs for TTM, ₹4.9 Crs for Mar 2024 and -₹24.2 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.
Himalaya Food 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