CMR Green Tech balance sheet is weak and might have solvency issues

Yes, The debt of CMR Green Tech is increasing.
Latest debt of CMR Green Tech is ₹768 Crs as of Mar-22.
This is greater than Mar-21 when it was ₹426 Crs.

Yes, profit is increasing.
The profit of CMR Green Tech is ₹335 Crs for Mar 2022, ₹21.62 Crs for Mar 2021 and -₹0.01 Crs for Mar 2020

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

Companies resources are allocated to majorly unproductive assets like Inventory