Kalpataru balance sheet is weak and might have solvency issues

Yes, The net debt of Kalpataru is increasing.
Latest net debt of Kalpataru is ₹9,455 Crs as of Mar-25.
This is greater than Mar-24 when it was ₹9,448 Crs.

Yes, profit is increasing.
The profit of Kalpataru is ₹38.38 Crs for TTM, -₹100.74 Crs for Mar 2024 and -₹200.73 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.
Kalpataru latest dividend payout ratio is 0% and 3yr average dividend payout ratio is 0%

Companies resources are allocated to majorly unproductive assets like Inventory