Birla Tyres balance sheet is weak and might have solvency issues

Yes, The debt of Birla Tyres is increasing.
Latest debt of Birla Tyres is ₹1,149 Crs as of Mar-23.
This is greater than Mar-22 when it was ₹1,136 Crs.

The profit is oscillating.
The profit of Birla Tyres is -₹37.07 Crs for TTM, -₹655.67 Crs for Mar 2022 and -₹287.63 Crs for Mar 2021.

The company seems to be paying a very low dividend.
Investors need to see where the company is allocating its profits.
Birla Tyres latest dividend payout ratio is 0% and 3yr average dividend payout ratio is 0%

Companies resources are majorly tied in miscellaneous assets