Swastika Investmart balance sheet is weak and might have solvency issues

Yes, The debt of Swastika Investmart is increasing.
Latest debt of Swastika Investmart is -₹266.37 Crs as of Sep-24.
This is greater than Mar-24 when it was -₹448.23 Crs.

Yes, profit is increasing.
The profit of Swastika Investmart is ₹23.87 Crs for TTM, ₹12.29 Crs for Mar 2024 and ₹6.15 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.
Swastika Investmart latest dividend payout ratio is 4.82% and 3yr average dividend payout ratio is 6.78%

Companies resources are allocated to majorly unproductive assets like Cash & Short Term Investments