Manjeera Constrction balance sheet is weak and might have solvency issues

Yes, The debt of Manjeera Constrction is increasing.
Latest debt of Manjeera Constrction is ₹254 Crs as of Sep-24.
This is greater than Mar-24 when it was ₹226 Crs.

Yes, profit is increasing.
The profit of Manjeera Constrction is ₹23.01 Crs for TTM, ₹1.37 Crs for Mar 2024 and -₹48.47 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.
Manjeera Constrction latest dividend payout ratio is 0% and 3yr average dividend payout ratio is 0%

Companies resources are allocated to majorly unproductive assets like Cash & Short Term Investments, Inventory