Midland Polymers balance sheet is weak and might have solvency issues

Yes, The debt of Midland Polymers is increasing.
Latest debt of Midland Polymers is ₹2.34 Crs as of Sep-24.
This is greater than Mar-24 when it was ₹2.27 Crs.

No, profit is decreasing.
The profit of Midland Polymers is -₹0.46 Crs for Mar 2024, -₹0.29 Crs for Mar 2023 and ₹0.08 Crs for Mar 2017

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

Companies resources are allocated to majorly productive assets like Plant & Machinery and unproductive assets like Cash & Short Term Investments, Capital Work in Progress, Inventory, Accounts Receivable