Bharat Coking Coal balance sheet is weak and might have solvency issues

The net debt of Bharat Coking Coal is decreasing.
Latest net debt of Bharat Coking Coal is -₹2,259.7 Crs as of Mar-25.
This is less than Mar-24 when it was -₹1,889.26 Crs.

The profit is oscillating.
The profit of Bharat Coking Coal is ₹1,240 Crs for Mar 2025, ₹1,564 Crs for Mar 2024 and ₹665 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.
Bharat Coking Coal latest dividend payout ratio is 3.57% and 3yr average dividend payout ratio is 3.57%

Companies resources are allocated to majorly productive assets like Plant & Machinery