Prakash Wool.&Syn balance sheet is weak and might have solvency issues

Yes, The debt of Prakash Wool.&Syn is increasing.
Latest debt of Prakash Wool.&Syn is ₹52.19 Crs as of Mar-24.
This is greater than Mar-23 when it was ₹50 Crs.

Yes, profit is increasing.
The profit of Prakash Wool.&Syn is ₹1.31 Crs for TTM, ₹0.96 Crs for Mar 2024 and -₹5.04 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.
Prakash Wool.&Syn latest dividend payout ratio is 0% and 3yr average dividend payout ratio is 0%

Companies resources are allocated to majorly productive assets like Plant & Machinery and unproductive assets like Inventory