Ridings Cons. Engg. balance sheet is weak and might have solvency issues

Yes, The net debt of Ridings Cons. Engg. is increasing.
Latest net debt of Ridings Cons. Engg. is ₹11 Crs as of Mar-22.
This is greater than Mar-21 when it was ₹10.3 Crs.

Yes, profit is increasing.
The profit of Ridings Cons. Engg. is ₹0.03 Crs for Mar 2022, ₹0.02 Crs for Mar 2021 and -₹10.45 Crs for Mar 2020

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

Companies resources are allocated to majorly unproductive assets like Accounts Receivable, Short Term Loans & Advances