Supertech EV balance sheet is weak and might have solvency issues

Yes, The debt of Supertech EV is increasing.
Latest debt of Supertech EV is ₹5.15 Crs as of Mar-24.
This is greater than Mar-23 when it was -₹0.82 Crs.

Yes, profit is increasing.
The profit of Supertech EV is ₹4.85 Crs for Mar 2024, ₹0.06 Crs for Mar 2023 and ₹0 Crs for Mar 2023

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

Companies resources are allocated to majorly unproductive assets like Inventory