Monind balance sheet is weak and might have solvency issues

Yes, The debt of Monind is increasing.
Latest debt of Monind is ₹26.02 Crs as of Sep-24.
This is greater than Mar-24 when it was ₹24.74 Crs.

The profit is oscillating.
The profit of Monind is -₹1.97 Crs for Mar 2024, -₹2.96 Crs for Mar 2023 and -₹1.13 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.
Monind latest dividend payout ratio is 0% and 3yr average dividend payout ratio is 0%

Companies resources are majorly tied in miscellaneous assets