Adline Chem Lab balance sheet is weak and might have solvency issues

Yes, The debt of Adline Chem Lab is increasing.
Latest debt of Adline Chem Lab is ₹1.54 Crs as of Sep-24.
This is greater than Mar-24 when it was ₹1.44 Crs.

The profit is oscillating.
The profit of Adline Chem Lab is -₹0.15 Crs for Mar 2024, -₹4.23 Crs for Mar 2023 and ₹0.72 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.
Adline Chem Lab latest dividend payout ratio is 0% and 3yr average dividend payout ratio is 0%

Companies resources are majorly tied in miscellaneous assets