Aakash Educational balance sheet is weak and might have solvency issues

The net debt of Aakash Educational is decreasing.
Latest net debt of Aakash Educational is ₹9.63 Crs as of Mar-21.
This is less than Mar-20 when it was ₹181 Crs.

No, profit is decreasing.
The profit of Aakash Educational is -₹25.07 Crs for Mar 2021, ₹165 Crs for Mar 2020 and ₹197 Crs for Mar 2019

The company seems to be paying a very low dividend.
Investors need to see where the company is allocating its profits.
Aakash Educational latest dividend payout ratio is 89.48% and 3yr average dividend payout ratio is 73.26%

Companies resources are allocated to majorly unproductive assets like Cash & Short Term Investments, Capital Work in Progress, Inventory, Accounts Receivable