Sintex Plastics Tech balance sheet is weak and might have solvency issues

Yes, The debt of Sintex Plastics Tech is increasing.
Latest debt of Sintex Plastics Tech is ₹2,184 Crs as of Sep-22.
This is greater than Mar-22 when it was ₹1,969 Crs.

Yes, profit is increasing.
The profit of Sintex Plastics Tech is -₹419.46 Crs for TTM, -₹430.43 Crs for Mar 2022 and -₹650.63 Crs for Mar 2021.

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

Companies resources are majorly tied in miscellaneous assets