Connplex Cinemas balance sheet is weak and might have solvency issues

Yes, The debt of Connplex Cinemas is increasing.
Latest debt of Connplex Cinemas is -₹3.03 Crs as of Mar-25.
This is greater than Mar-24 when it was -₹6.7 Crs.

Yes, profit is increasing.
The profit of Connplex Cinemas is ₹19.01 Crs for Mar 2025, ₹4.09 Crs for Mar 2024 and ₹1.65 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.
Connplex Cinemas latest dividend payout ratio is 0% and 3yr average dividend payout ratio is 0%

Companies resources are allocated to majorly unproductive assets like Accounts Receivable