Hindustan Housing Co balance sheet is weak and might have solvency issues

Yes, The debt of Hindustan Housing Co is increasing.
Latest debt of Hindustan Housing Co is -₹0.19 Crs as of Sep-24.
This is greater than Mar-24 when it was -₹1.01 Crs.

Yes, profit is increasing.
The profit of Hindustan Housing Co is ₹2.36 Crs for TTM, ₹2.36 Crs for Mar 2024 and ₹1.92 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.
Hindustan Housing Co latest dividend payout ratio is 0% and 3yr average dividend payout ratio is 0%

Companies resources are majorly tied in miscellaneous assets