Healthium Medtech balance sheet is weak and might have solvency issues

The net debt of Healthium Medtech is decreasing.
Latest net debt of Healthium Medtech is -₹145.74 Crs as of Mar-21.
This is less than Mar-20 when it was -₹18.14 Crs.

Yes, profit is increasing.
The profit of Healthium Medtech is ₹85.43 Crs for Mar 2021, ₹36.76 Crs for Mar 2020 and ₹13.9 Crs for Mar 2019

The company seems to be paying a very low dividend.
Investors need to see where the company is allocating its profits.
Healthium Medtech latest dividend payout ratio is 52.21% and 3yr average dividend payout ratio is 52.21%

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