Marc Loire Fashions balance sheet is weak and might have solvency issues

Yes, The debt of Marc Loire Fashions is increasing.
Latest debt of Marc Loire Fashions is -₹1.87 Crs as of Mar-24.
This is greater than Mar-23 when it was -₹3.79 Crs.

Yes, profit is increasing.
The profit of Marc Loire Fashions is ₹4.08 Crs for Mar 2024, ₹0.65 Crs for Mar 2023 and ₹0.19 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.
Marc Loire Fashions latest dividend payout ratio is 0% and 3yr average dividend payout ratio is 0%

Companies resources are allocated to majorly unproductive assets like Inventory