Enchante Jewellery balance sheet is weak and might have solvency issues

Yes, The net debt of Enchante Jewellery is increasing.
Latest net debt of Enchante Jewellery is ₹2.8 Crs as of Mar-21.
This is greater than Mar-20 when it was ₹2.75 Crs.

The profit is oscillating.
The profit of Enchante Jewellery is ₹0.19 Crs for Mar 2021, -₹0.12 Crs for Mar 2020 and ₹0.26 Crs for Mar 2019

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

Companies resources are majorly tied in miscellaneous assets