Mahaveer Infoway balance sheet is weak and might have solvency issues

The net debt of Mahaveer Infoway is decreasing.
Latest net debt of Mahaveer Infoway is ₹1.41 Crs as of Mar-25.
This is less than Mar-24 when it was ₹1.71 Crs.

The profit is oscillating.
The profit of Mahaveer Infoway is ₹0.08 Crs for Mar 2025, -₹0.39 Crs for Mar 2024 and -₹0.31 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.
Mahaveer Infoway 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