India Infraspace balance sheet is weak and might have solvency issues

The debt of India Infraspace is decreasing.
Latest debt of India Infraspace is ₹4.08 Crs as of Mar-24.
This is less than Mar-21 when it was ₹4.5 Crs.

Yes, profit is increasing.
The profit of India Infraspace is -₹0.83 Crs for TTM, -₹1.37 Crs for Mar 2021 and -₹1.4 Crs for Mar 2020.

The company seems to be paying a very low dividend.
Investors need to see where the company is allocating its profits.
India Infraspace 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, Accounts Receivable, Short Term Loans & Advances