Iware Supplychain balance sheet is weak and might have solvency issues

Yes, The debt of Iware Supplychain is increasing.
Latest debt of Iware Supplychain is ₹23.78 Crs as of Mar-25.
This is greater than Mar-24 when it was ₹22.74 Crs.

Yes, profit is increasing.
The profit of Iware Supplychain is ₹8.02 Crs for Mar 2025, ₹4.17 Crs for Mar 2024 and ₹0.42 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.
Iware Supplychain 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 Accounts Receivable