Central Mine Planning & Design Inst balance sheet is weak and might have solvency issues

The net debt of Central Mine Planning & Design Inst is decreasing.
Latest net debt of Central Mine Planning & Design Inst is -₹2,160.33 Crs as of Mar-25.
This is less than Mar-24 when it was -₹1,193.74 Crs.

Yes, profit is increasing.
The profit of Central Mine Planning & Design Inst is ₹667 Crs for Mar 2025, ₹503 Crs for Mar 2024 and ₹297 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.
Central Mine Planning & Design Inst latest dividend payout ratio is 22.49% and 3yr average dividend payout ratio is 27.5%

Companies resources are allocated to majorly unproductive assets like Cash & Short Term Investments