Aviva Inds balance sheet is weak and might have solvency issues

Yes, The net debt of Aviva Inds is increasing.
Latest net debt of Aviva Inds is ₹0.89 Crs as of Sep-25.
This is greater than Mar-25 when it was ₹0.74 Crs.

No, profit is decreasing.
The profit of Aviva Inds is -₹0.09 Crs for Mar 2025, -₹0.03 Crs for Mar 2024 and ₹0.01 Crs for Mar 2023

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