Kanohar Electricals balance sheet is weak and might have solvency issues

The net debt of Kanohar Electricals is decreasing.
Latest net debt of Kanohar Electricals is -₹139.07 Crs as of Mar-25.
This is less than Mar-24 when it was -₹17.27 Crs.

Yes, profit is increasing.
The profit of Kanohar Electricals is ₹65.12 Crs for Mar 2025, ₹17.75 Crs for Mar 2024 and ₹16.81 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.
Kanohar Electricals latest dividend payout ratio is 0% and 3yr average dividend payout ratio is 0%

Companies resources are allocated to majorly unproductive assets like Cash & Short Term Investments, Accounts Receivable