Gokak Textiles balance sheet is weak and might have solvency issues

Yes, The net debt of Gokak Textiles is increasing.
Latest net debt of Gokak Textiles is ₹445 Crs as of Mar-25.
This is greater than Mar-24 when it was ₹401 Crs.

The profit is oscillating.
The profit of Gokak Textiles is -₹44.44 Crs for Mar 2025, -₹15.26 Crs for Mar 2024 and -₹30.5 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.
Gokak Textiles latest dividend payout ratio is 0% and 3yr average dividend payout ratio is 0%

Companies resources are allocated to majorly unproductive assets like Cash & Short Term Investments, Capital Work in Progress, Inventory, Accounts Receivable, Short Term Loans & Advances