Starlite Components balance sheet is weak and might have solvency issues

Yes, The debt of Starlite Components is increasing.
Latest debt of Starlite Components is ₹1.34 Crs as of Sep-24.
This is greater than Mar-24 when it was ₹1.07 Crs.

Yes, profit is increasing.
The profit of Starlite Components is ₹10.85 Crs for TTM, ₹10.36 Crs for Mar 2024 and -₹0.65 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.
Starlite Components latest dividend payout ratio is 0% and 3yr average dividend payout ratio is 0%

Companies resources are allocated to majorly unproductive assets like Cash & Short Term Investments, Capital Work in Progress, Inventory, Accounts Receivable, Short Term Loans & Advances