Gagan Polycot India balance sheet is weak and might have solvency issues

Yes, The debt of Gagan Polycot India is increasing.
Latest debt of Gagan Polycot India is -₹0.04 Crs as of Mar-22.
This is greater than Mar-21 when it was -₹0.25 Crs.

The profit is oscillating.
The profit of Gagan Polycot India is -₹5.69 Crs for TTM, -₹0.33 Crs for Mar 2021 and -₹3.63 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.
Gagan Polycot India latest dividend payout ratio is 0% and 3yr average dividend payout ratio is 0%

Companies resources are majorly tied in miscellaneous assets