Lenskart Solutions balance sheet is weak and might have solvency issues

The net debt of Lenskart Solutions is decreasing.
Latest net debt of Lenskart Solutions is -₹1,381.73 Crs as of Mar-25.
This is less than Mar-24 when it was -₹1,111.12 Crs.

Yes, profit is increasing.
The profit of Lenskart Solutions is ₹296 Crs for Mar 2025, -₹17.46 Crs for Mar 2024 and -₹67.98 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.
Lenskart Solutions 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