Marshall Machines balance sheet is weak and might have solvency issues

The net debt of Marshall Machines is decreasing.
Latest net debt of Marshall Machines is ₹37.84 Crs as of Mar-24.
This is less than Mar-23 when it was ₹44.73 Crs.

The profit is oscillating.
The profit of Marshall Machines is -₹5.83 Crs for TTM, -₹5.4 Crs for Mar 2024 and -₹6.9 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.
Marshall Machines latest dividend payout ratio is 0% and 3yr average dividend payout ratio is 0%

Companies resources are allocated to majorly unproductive assets like Accounts Receivable, Short Term Loans & Advances