OCCL balance sheet is weak and might have solvency issues

Yes, The debt of OCCL is increasing.
Latest debt of OCCL is ₹81.48 Crs as of Sep-24.
This is greater than Mar-24 when it was ₹0.04 Crs.

The profit is oscillating.
The profit of OCCL is ₹12.75 Crs for TTM, -₹0.06 Crs for Mar 2024 and -₹0.02 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.
OCCL latest dividend payout ratio is 0% and 3yr average dividend payout ratio is 0%

Companies resources are allocated to majorly unproductive assets like Cash & Short Term Investments