Valplast Tech. balance sheet is weak and might have solvency issues

Yes, The net debt of Valplast Tech. is increasing.
Latest net debt of Valplast Tech. is ₹21.88 Crs as of Mar-25.
This is greater than Mar-24 when it was ₹5.52 Crs.

The profit is oscillating.
The profit of Valplast Tech. is ₹6.11 Crs for Mar 2025, ₹6.52 Crs for Mar 2024 and ₹1.27 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.
Valplast Tech. latest dividend payout ratio is 0% and 3yr average dividend payout ratio is 0%

Companies resources are allocated to majorly productive assets like Plant & Machinery and unproductive assets like Accounts Receivable