Muller & Phipps (I) balance sheet is weak and might have solvency issues

The debt of Muller & Phipps (I) is decreasing.
Latest debt of Muller & Phipps (I) is -₹0.23 Crs as of Mar-24.
This is less than Mar-23 when it was ₹0.82 Crs.

The profit is oscillating.
The profit of Muller & Phipps (I) is ₹0.73 Crs for Mar 2024, ₹0.21 Crs for Mar 2023 and ₹0.43 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.
Muller & Phipps (I) 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