Emiac Technologies balance sheet is weak and might have solvency issues

The net debt of Emiac Technologies is decreasing.
Latest net debt of Emiac Technologies is -₹9.2 Crs as of Mar-25.
This is less than Mar-24 when it was -₹0.71 Crs.

Yes, profit is increasing.
The profit of Emiac Technologies is ₹4.21 Crs for Mar 2025, ₹0.84 Crs for Mar 2024 and ₹0.39 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.
Emiac Technologies latest dividend payout ratio is 0% and 3yr average dividend payout ratio is 0%

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