Dharan Sugars & Chem balance sheet is weak and might have solvency issues

Yes, The debt of Dharan Sugars & Chem is increasing.
Latest debt of Dharan Sugars & Chem is ₹456 Crs as of Sep-24.
This is greater than Mar-24 when it was ₹418 Crs.

The profit is oscillating.
The profit of Dharan Sugars & Chem is ₹96.19 Crs for TTM, ₹121 Crs for Mar 2024 and -₹31.36 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.
Dharan Sugars & Chem latest dividend payout ratio is 0% and 3yr average dividend payout ratio is 0%

Companies resources are majorly tied in miscellaneous assets