Logiciel Solutions balance sheet is weak and might have solvency issues

The net debt of Logiciel Solutions is decreasing.
Latest net debt of Logiciel Solutions is -₹10.94 Crs as of Mar-25.
This is less than Mar-24 when it was -₹0.89 Crs.

Yes, profit is increasing.
The profit of Logiciel Solutions is ₹5.47 Crs for Mar 2025, ₹3.97 Crs for Mar 2024 and ₹1.34 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.
Logiciel Solutions 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