Nanta Tech balance sheet is weak and might have solvency issues

Yes, The net debt of Nanta Tech is increasing.
Latest net debt of Nanta Tech is ₹0.43 Crs as of Mar-25.
This is greater than Mar-24 when it was -₹0.33 Crs.

Yes, profit is increasing.
The profit of Nanta Tech is ₹4.71 Crs for Mar 2025, ₹1.84 Crs for Mar 2024 and ₹0 Crs for Mar 2023

The company seems to be paying a very low dividend.
Investors need to see where the company is allocating its profits.
Nanta Tech 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