Indef Manufacturing balance sheet is weak and might have solvency issues

Yes, The debt of Indef Manufacturing is increasing.
Latest debt of Indef Manufacturing is ₹0.04 Crs as of Mar-24.
This is greater than Mar-23 when it was -₹0.01 Crs.

The profit is oscillating.
The profit of Indef Manufacturing is ₹12.67 Crs for TTM, -₹0.04 Crs for Mar 2024 and -₹0.01 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.
Indef Manufacturing latest dividend payout ratio is 0% and 3yr average dividend payout ratio is 0%

Companies resources are allocated to majorly unproductive assets like Cash & Short Term Investments