Valencia Nutrition balance sheet is weak and might have solvency issues

Yes, The debt of Valencia Nutrition is increasing.
Latest debt of Valencia Nutrition is ₹5.12 Crs as of Mar-24.
This is greater than Mar-23 when it was ₹2.07 Crs.

No, profit is decreasing.
The profit of Valencia Nutrition is -₹1.39 Crs for TTM, -₹1.26 Crs for Mar 2023 and -₹0.66 Crs for Mar 2022.

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

Companies resources are allocated to majorly unproductive assets like Inventory, Accounts Receivable