Kiaasa Retail balance sheet is weak and might have solvency issues

Yes, The net debt of Kiaasa Retail is increasing.
Latest net debt of Kiaasa Retail is ₹52.99 Crs as of Mar-26.
This is greater than Mar-25 when it was ₹25.93 Crs.

The profit is oscillating.
The profit of Kiaasa Retail is ₹4.54 Crs for TTM, ₹9.02 Crs for Mar 2025 and ₹5.37 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.
Kiaasa Retail 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 Inventory, Accounts Receivable