GTL balance sheet is weak and might have solvency issues

The net debt of GTL is decreasing.
Latest net debt of GTL is ₹4,216 Crs as of Mar-24.
This is less than Mar-23 when it was ₹4,531 Crs.

The profit is oscillating.
The profit of GTL is -₹5.67 Crs for TTM, ₹211 Crs for Mar 2024 and ₹57.21 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.
GTL latest dividend payout ratio is 0% and 3yr average dividend payout ratio is 0%

Companies resources are majorly tied in miscellaneous assets