Popees Baby Care Ind balance sheet is weak and might have solvency issues

The net debt of Popees Baby Care Ind is decreasing.
Latest net debt of Popees Baby Care Ind is -₹3.69 Crs as of Sep-25.
This is less than Mar-25 when it was -₹0.11 Crs.

Yes, profit is increasing.
The profit of Popees Baby Care Ind is -₹0.09 Crs for Mar 2025, -₹0.1 Crs for Mar 2024 and -₹0.11 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.
Popees Baby Care Ind latest dividend payout ratio is 0% and 3yr average dividend payout ratio is 0%

Companies resources are allocated to majorly productive assets like Plant & Machinery and unproductive assets like Cash & Short Term Investments, Capital Work in Progress, Inventory, Accounts Receivable, Short Term Loans & Advances