Matrix Geo Solutions balance sheet is weak and might have solvency issues

Yes, The net debt of Matrix Geo Solutions is increasing.
Latest net debt of Matrix Geo Solutions is -₹5.01 Crs as of Mar-26.
This is greater than Mar-25 when it was -₹6.74 Crs.

Yes, profit is increasing.
The profit of Matrix Geo Solutions is ₹10.06 Crs for TTM, ₹5.86 Crs for Mar 2025 and ₹3.35 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.
Matrix Geo 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