Merritronix balance sheet is weak and might have solvency issues

The net debt of Merritronix is decreasing.
Latest net debt of Merritronix is -₹8.08 Crs as of Mar-26.
This is less than Mar-25 when it was ₹13.78 Crs.

Yes, profit is increasing.
The profit of Merritronix is ₹16.1 Crs for Mar 2026, ₹8.66 Crs for Mar 2025 and ₹3.05 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.
Merritronix latest dividend payout ratio is 0% and 3yr average dividend payout ratio is 0%

Companies resources are allocated to majorly unproductive assets like Inventory