Vaxfab Enterprise balance sheet is weak and might have solvency issues

Yes, The net debt of Vaxfab Enterprise is increasing.
Latest net debt of Vaxfab Enterprise is ₹7.39 Crs as of Mar-25.
This is greater than Mar-24 when it was -₹0.4 Crs.

Yes, profit is increasing.
The profit of Vaxfab Enterprise is ₹3.59 Crs for TTM, ₹0.58 Crs for Mar 2025 and -₹3.57 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.
Vaxfab Enterprise latest dividend payout ratio is 0% and 3yr average dividend payout ratio is 0%

Companies resources are allocated to majorly unproductive assets like Inventory