A2Z InfraEngineering balance sheet is weak and might have solvency issues

Yes, The net debt of A2Z InfraEngineering is increasing.
Latest net debt of A2Z InfraEngineering is ₹91.11 Crs as of Mar-26.
This is greater than Mar-25 when it was ₹81.32 Crs.

The profit is oscillating.
The profit of A2Z InfraEngineering is ₹5.27 Crs for TTM, ₹8.97 Crs for Mar 2025 and -₹5.69 Crs for Mar 2024.

The company seems to be paying a very low dividend.
Investors need to see where the company is allocating its profits.
A2Z InfraEngineering 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