Blue Chip India balance sheet is weak and might have solvency issues

Yes, The net debt of Blue Chip India is increasing.
Latest net debt of Blue Chip India is ₹1.46 Crs as of Sep-25.
This is greater than Mar-25 when it was -₹0.04 Crs.

The profit is oscillating.
The profit of Blue Chip India is -₹2.61 Crs for Mar 2025, -₹2.94 Crs for Mar 2024 and ₹0.69 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.
Blue Chip India 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