Gujarat Polysol Chem balance sheet is weak and might have solvency issues

Yes, The debt of Gujarat Polysol Chem is increasing.
Latest debt of Gujarat Polysol Chem is ₹68.97 Crs as of Mar-22.
This is greater than Mar-21 when it was ₹67.44 Crs.

The profit is oscillating.
The profit of Gujarat Polysol Chem is ₹39.55 Crs for Mar 2022, ₹40.1 Crs for Mar 2021 and ₹20.18 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.
Gujarat Polysol Chem latest dividend payout ratio is 0% and 3yr average dividend payout ratio is 0%

Companies resources are allocated to majorly productive assets like Plant & Machinery and unproductive assets like Short Term Loans & Advances