Standard Batteries balance sheet is weak and might have solvency issues

Yes, The debt of Standard Batteries is increasing.
Latest debt of Standard Batteries is -₹0.43 Crs as of Sep-24.
This is greater than Mar-24 when it was -₹0.57 Crs.

The profit is oscillating.
The profit of Standard Batteries is -₹0.05 Crs for Mar 2024, -₹5.37 Crs for Mar 2023 and -₹0.75 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.
Standard Batteries latest dividend payout ratio is 0% and 3yr average dividend payout ratio is 0%

Companies resources are majorly tied in miscellaneous assets