Super Iron Foundry balance sheet is weak and might have solvency issues

The debt of Super Iron Foundry is decreasing.
Latest debt of Super Iron Foundry is ₹111 Crs as of Mar-24.
This is less than Mar-23 when it was ₹112 Crs.

Yes, profit is increasing.
The profit of Super Iron Foundry is ₹3.94 Crs for Mar 2024, ₹1.28 Crs for Mar 2023 and ₹0.88 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.
Super Iron Foundry latest dividend payout ratio is 0% and 3yr average dividend payout ratio is 0%

Companies resources are allocated to majorly unproductive assets like Inventory