JITF Infralogistics balance sheet is weak and might have solvency issues

Yes, The debt of JITF Infralogistics is increasing.
Latest debt of JITF Infralogistics is ₹3,097 Crs as of Mar-24.
This is greater than Mar-23 when it was ₹2,929 Crs.

Yes, profit is increasing.
The profit of JITF Infralogistics is ₹119 Crs for TTM, ₹35.41 Crs for Mar 2024 and -₹127.66 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.
JITF Infralogistics latest dividend payout ratio is 0% and 3yr average dividend payout ratio is 0%

Companies resources are allocated to majorly unproductive assets like Capital Work in Progress, Short Term Loans & Advances