Priya balance sheet is weak and might have solvency issues

Yes, The debt of Priya is increasing.
Latest debt of Priya is ₹25.98 Crs as of Sep-24.
This is greater than Mar-24 when it was ₹25.77 Crs.

The profit is oscillating.
The profit of Priya is -₹4.04 Crs for Mar 2024, -₹3.97 Crs for Mar 2023 and -₹4.05 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.
Priya 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 Cash & Short Term Investments, Capital Work in Progress, Inventory, Accounts Receivable, Short Term Loans & Advances