California Software balance sheet is weak and might have solvency issues

Yes, The net debt of California Software is increasing.
Latest net debt of California Software is ₹0.43 Crs as of Sep-25.
This is greater than Mar-25 when it was -₹3.29 Crs.

Yes, profit is increasing.
The profit of California Software is ₹0.92 Crs for TTM, ₹0.72 Crs for Mar 2025 and ₹0.62 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.
California Software 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, Accounts Receivable