Mystic Electronics balance sheet is weak and might have solvency issues

The debt of Mystic Electronics is decreasing.
Latest debt of Mystic Electronics is -₹0.62 Crs as of Sep-24.
This is less than Mar-24 when it was ₹1.15 Crs.

The profit is oscillating.
The profit of Mystic Electronics is -₹1.49 Crs for Mar 2024, -₹3.43 Crs for Mar 2023 and ₹0.02 Crs for Mar 2022

The company seems to be paying a very low dividend.
Investors need to see where the company is allocating its profits.
Mystic Electronics 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, Accounts Receivable, Short Term Loans & Advances