Shrenik balance sheet is weak and might have solvency issues

Yes, The debt of Shrenik is increasing.
Latest debt of Shrenik is ₹123 Crs as of Mar-25.
This is greater than Mar-24 when it was ₹123 Crs.

The profit is oscillating.
The profit of Shrenik is -₹235.51 Crs for Mar 2024, ₹0.23 Crs for Mar 2023 and -₹14.39 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.
Shrenik latest dividend payout ratio is 0% and 3yr average dividend payout ratio is 0%

Companies resources are majorly tied in miscellaneous assets