AI Champdany balance sheet is weak and might have solvency issues

Yes, The net debt of AI Champdany is increasing.
Latest net debt of AI Champdany is ₹60.54 Crs as of Mar-25.
This is greater than Mar-24 when it was ₹40.3 Crs.

The profit is oscillating.
The profit of AI Champdany is -₹52.61 Crs for TTM, -₹61.03 Crs for Mar 2025 and -₹39.45 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.
AI Champdany 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, Capital Work in Progress, Inventory, Accounts Receivable, Short Term Loans & Advances