Seven Islands Shipp balance sheet is weak and might have solvency issues

Yes, The debt of Seven Islands Shipp is increasing.
Latest debt of Seven Islands Shipp is ₹279 Crs as of Mar-20.
This is greater than Mar-19 when it was -₹26.84 Crs.

The profit is oscillating.
The profit of Seven Islands Shipp is ₹80.3 Crs for Mar 2020, ₹38.82 Crs for Mar 2019 and ₹88 Crs for Mar 2018

The company seems to be paying a very low dividend.
Investors need to see where the company is allocating its profits.
Seven Islands Shipp 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