Simplex Papers balance sheet is weak and might have solvency issues

Yes, The debt of Simplex Papers is increasing.
Latest debt of Simplex Papers is ₹12.88 Crs as of Mar-25.
This is greater than Mar-24 when it was ₹12.88 Crs.

The profit is oscillating.
The profit of Simplex Papers is -₹0.16 Crs for Mar 2025, ₹0.11 Crs for Mar 2024 and -₹0.22 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.
Simplex Papers latest dividend payout ratio is 0% and 3yr average dividend payout ratio is 0%

Companies resources are majorly tied in miscellaneous assets