JCT balance sheet is weak and might have solvency issues

Yes, The net debt of JCT is increasing.
Latest net debt of JCT is ₹179 Crs as of Mar-23.
This is greater than Mar-22 when it was ₹158 Crs.

No, profit is decreasing.
The profit of JCT is -₹122.85 Crs for TTM, -₹85.36 Crs for Mar 2023 and ₹9.62 Crs for Mar 2022.

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

Companies resources are majorly tied in miscellaneous assets