Adcounty Media India balance sheet is weak and might have solvency issues

The net debt of Adcounty Media India is decreasing.
Latest net debt of Adcounty Media India is -₹16.36 Crs as of Mar-25.
This is less than Mar-24 when it was -₹9.01 Crs.

The profit is oscillating.
The profit of Adcounty Media India is ₹7.28 Crs for TTM, ₹13.75 Crs for Mar 2025 and ₹8.18 Crs for Mar 2024.

The company seems to be paying a very low dividend.
Investors need to see where the company is allocating its profits.
Adcounty Media India 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