Indiqube Spaces balance sheet is weak and might have solvency issues

Yes, The net debt of Indiqube Spaces is increasing.
Latest net debt of Indiqube Spaces is ₹332 Crs as of Mar-25.
This is greater than Mar-24 when it was ₹163 Crs.

Yes, profit is increasing.
The profit of Indiqube Spaces is -₹78.8 Crs for TTM, -₹141.05 Crs for Mar 2025 and -₹341.51 Crs for Mar 2024.

The company seems to be paying a very low dividend.
Investors need to see where the company is allocating its profits.
Indiqube Spaces 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