PVR balance sheet is weak and might have solvency issues

Yes, The debt of PVR is increasing.
Latest debt of PVR is ₹1,161 Crs as of Sep-24.
This is greater than Mar-24 when it was ₹930 Crs.

The profit is oscillating.
The profit of PVR is -₹285.2 Crs for TTM, -₹32 Crs for Mar 2024 and -₹335.1 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.
PVR 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