Adhata Global balance sheet is weak and might have solvency issues

The debt of Adhata Global is decreasing.
Latest debt of Adhata Global is ₹1.06 Crs as of Sep-24.
This is less than Mar-24 when it was ₹1.65 Crs.

Yes, profit is increasing.
The profit of Adhata Global is -₹0.75 Crs for TTM, -₹0.93 Crs for Mar 2024 and -₹4.29 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.
Adhata Global 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 Cash & Short Term Investments, Capital Work in Progress, Inventory, Short Term Loans & Advances