Kalpataru balance sheet is weak and might have solvency issues

Yes, The net debt of Kalpataru is increasing.
Latest net debt of Kalpataru is ₹9,448 Crs as of Mar-24.
This is greater than Mar-23 when it was ₹8,883 Crs.

The profit is oscillating.
The profit of Kalpataru is -₹100.74 Crs for Mar 2024, -₹200.73 Crs for Mar 2023 and -₹120.74 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.
Kalpataru latest dividend payout ratio is 0% and 3yr average dividend payout ratio is 0%

Companies resources are allocated to majorly unproductive assets like Inventory