Medicamen Organics balance sheet is weak and might have solvency issues

Yes, The net debt of Medicamen Organics is increasing.
Latest net debt of Medicamen Organics is ₹12.99 Crs as of Mar-26.
This is greater than Mar-25 when it was ₹4.49 Crs.

The profit is oscillating.
The profit of Medicamen Organics is -₹4.02 Crs for TTM, ₹4.05 Crs for Mar 2025 and ₹2.62 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.
Medicamen Organics 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