Kanungo Financiers balance sheet is weak and might have solvency issues

Yes, The debt of Kanungo Financiers is increasing.
Latest debt of Kanungo Financiers is ₹11.95 Crs as of Mar-24.
This is greater than Mar-23 when it was ₹6.61 Crs.

The profit is oscillating.
The profit of Kanungo Financiers is ₹0.26 Crs for Mar 2023, -₹3.46 Crs for Mar 2022 and -₹0.3 Crs for Mar 2021

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

Companies resources are majorly tied in miscellaneous assets