Liotech Industries balance sheet is weak and might have solvency issues

Yes, The net debt of Liotech Industries is increasing.
Latest net debt of Liotech Industries is ₹4.2 Crs as of Mar-25.
This is greater than Mar-24 when it was ₹3.09 Crs.

Yes, profit is increasing.
The profit of Liotech Industries is ₹4.16 Crs for Mar 2025, ₹2.93 Crs for Mar 2024 and ₹0.35 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.
Liotech Industries 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