Hytone Texstyles balance sheet is weak and might have solvency issues

The net debt of Hytone Texstyles is decreasing.
Latest net debt of Hytone Texstyles is ₹2.94 Crs as of Mar-21.
This is less than Mar-20 when it was ₹3.77 Crs.

The profit is oscillating.
The profit of Hytone Texstyles is ₹1.23 Crs for TTM, ₹0.67 Crs for Mar 2020 and ₹0.71 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.
Hytone Texstyles 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