Kalpa Commercial balance sheet is weak and might have solvency issues

Yes, The net debt of Kalpa Commercial is increasing.
Latest net debt of Kalpa Commercial is ₹0.05 Crs as of Sep-25.
This is greater than Mar-25 when it was -₹0.38 Crs.

The profit is oscillating.
The profit of Kalpa Commercial is -₹2.57 Crs for TTM, -₹2.74 Crs for Mar 2025 and -₹0.2 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.
Kalpa Commercial 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, Inventory, Accounts Receivable