Adcounty Media India balance sheet is weak and might have solvency issues

The debt of Adcounty Media India is decreasing.
Latest debt of Adcounty Media India is -₹9.01 Crs as of Mar-24.
This is less than Mar-23 when it was -₹1.55 Crs.

Yes, profit is increasing.
The profit of Adcounty Media India is ₹8.28 Crs for Mar 2024, ₹7.63 Crs for Mar 2023 and ₹2 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.
Adcounty Media India latest dividend payout ratio is 0% and 3yr average dividend payout ratio is 0%

Companies resources are allocated to majorly unproductive assets like Cash & Short Term Investments