Jyoti Global Plast balance sheet is weak and might have solvency issues

Yes, The debt of Jyoti Global Plast is increasing.
Latest debt of Jyoti Global Plast is ₹21.31 Crs as of Mar-25.
This is greater than Mar-24 when it was ₹19.21 Crs.

Yes, profit is increasing.
The profit of Jyoti Global Plast is ₹6.08 Crs for Mar 2025, ₹3.62 Crs for Mar 2024 and ₹2.32 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.
Jyoti Global Plast latest dividend payout ratio is 0% and 3yr average dividend payout ratio is 0%

Companies resources are allocated to majorly unproductive assets like Capital Work in Progress, Inventory, Accounts Receivable