Indian Sucrose balance sheet is weak and might have solvency issues

Yes, The debt of Indian Sucrose is increasing.
Latest debt of Indian Sucrose is ₹189 Crs as of Mar-24.
This is greater than Mar-23 when it was ₹159 Crs.

The profit is oscillating.
The profit of Indian Sucrose is ₹33.84 Crs for TTM, ₹29.54 Crs for Mar 2023 and ₹37.02 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.
Indian Sucrose 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 Inventory, Short Term Loans & Advances