Innocorp balance sheet is weak and might have solvency issues

Yes, The net debt of Innocorp is increasing.
Latest net debt of Innocorp is ₹4.01 Crs as of Sep-25.
This is greater than Mar-25 when it was -₹0.01 Crs.

No, profit is decreasing.
The profit of Innocorp is -₹0.38 Crs for Mar 2025, -₹0.26 Crs for Mar 2024 and ₹3.85 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.
Innocorp 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 Capital Work in Progress, Inventory, Short Term Loans & Advances