Phyto Chem (India) balance sheet is weak and might have solvency issues

The debt of Phyto Chem (India) is decreasing.
Latest debt of Phyto Chem (India) is ₹18.02 Crs as of Mar-24.
This is less than Mar-23 when it was ₹19.38 Crs.

No, profit is decreasing.
The profit of Phyto Chem (India) is -₹3.04 Crs for TTM, ₹0.22 Crs for Mar 2023 and ₹0.23 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.
Phyto Chem (India) latest dividend payout ratio is 0% and 3yr average dividend payout ratio is 0%

Companies resources are allocated to majorly unproductive assets like Inventory