Jalpac India balance sheet is weak and might have solvency issues

Yes, The debt of Jalpac India is increasing.
Latest debt of Jalpac India is ₹42.35 Crs as of Mar-13.
This is greater than Mar-12 when it was ₹42.05 Crs.

The profit is oscillating.
The profit of Jalpac India is -₹4.54 Crs for Mar 2013, -₹1.8 Crs for Mar 2012 and -₹2.39 Crs for Mar 2011

The company seems to be paying a very low dividend.
Investors need to see where the company is allocating its profits.
Jalpac India latest dividend payout ratio is 0% and 3yr average dividend payout ratio is 0%

Companies resources are majorly tied in miscellaneous assets