Megasoft balance sheet is weak and might have solvency issues

Yes, The net debt of Megasoft is increasing.
Latest net debt of Megasoft is ₹127 Crs as of Mar-25.
This is greater than Mar-24 when it was ₹108 Crs.

The profit is oscillating.
The profit of Megasoft is -₹12.75 Crs for Mar 2024, ₹8.86 Crs for Mar 2023 and ₹4.62 Crs for Mar 2022

The company seems to be paying a very low dividend.
Investors need to see where the company is allocating its profits.
Megasoft 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 Cash & Short Term Investments, Capital Work in Progress, Inventory, Accounts Receivable