Murae Organisor balance sheet is weak and might have solvency issues

Yes, The net debt of Murae Organisor is increasing.
Latest net debt of Murae Organisor is ₹120 Crs as of Mar-25.
This is greater than Mar-24 when it was -₹23.4 Crs.

Yes, profit is increasing.
The profit of Murae Organisor is ₹15.2 Crs for TTM, ₹7.52 Crs for Mar 2025 and ₹0.05 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.
Murae Organisor 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, Short Term Loans & Advances