CSM Technologies balance sheet is weak and might have solvency issues

Yes, The net debt of CSM Technologies is increasing.
Latest net debt of CSM Technologies is ₹26.01 Crs as of Mar-25.
This is greater than Mar-24 when it was ₹18.43 Crs.

The profit is oscillating.
The profit of CSM Technologies is ₹14.09 Crs for Mar 2025, ₹12.55 Crs for Mar 2024 and ₹15.82 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.
CSM Technologies latest dividend payout ratio is 9.79% and 3yr average dividend payout ratio is 10.01%

Companies resources are allocated to majorly productive assets like Plant & Machinery and unproductive assets like Accounts Receivable