Indobell Insulations balance sheet is weak and might have solvency issues

The net debt of Indobell Insulations is decreasing.
Latest net debt of Indobell Insulations is ₹0.56 Crs as of Mar-25.
This is less than Mar-24 when it was ₹3.59 Crs.

Yes, profit is increasing.
The profit of Indobell Insulations is ₹2.3 Crs for TTM, ₹1.03 Crs for Mar 2024 and ₹0.9 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.
Indobell Insulations latest dividend payout ratio is 0% and 3yr average dividend payout ratio is 0%

Companies resources are allocated to majorly unproductive assets like Accounts Receivable