Indef Manufacturing balance sheet is weak and might have solvency issues

The net debt of Indef Manufacturing is decreasing.
Latest net debt of Indef Manufacturing is -₹6.17 Crs as of Mar-25.
This is less than Mar-24 when it was ₹0.04 Crs.

The profit is oscillating.
The profit of Indef Manufacturing is ₹34.47 Crs for TTM, -₹0.04 Crs for Mar 2024 and -₹0.01 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.
Indef Manufacturing 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