Gradiente Infotain. balance sheet is weak and might have solvency issues

Yes, The net debt of Gradiente Infotain. is increasing.
Latest net debt of Gradiente Infotain. is ₹9.78 Crs as of Mar-24.
This is greater than Mar-23 when it was ₹3.07 Crs.

Yes, profit is increasing.
The profit of Gradiente Infotain. is ₹1.02 Crs for Mar 2024, ₹0.09 Crs for Mar 2023 and ₹0.02 Crs for Mar 2022

The company seems to be paying a very low dividend.
Investors need to see where the company is allocating its profits.
Gradiente Infotain. latest dividend payout ratio is 0% and 3yr average dividend payout ratio is 0%

Companies resources are allocated to majorly unproductive assets like Capital Work in Progress, Short Term Loans & Advances