Panabyte Technologs balance sheet is weak and might have solvency issues

The net debt of Panabyte Technologs is decreasing.
Latest net debt of Panabyte Technologs is ₹2.9 Crs as of Mar-24.
This is less than Mar-23 when it was ₹3.21 Crs.

No, profit is decreasing.
The profit of Panabyte Technologs is -₹0.46 Crs for Mar 2024, -₹0.45 Crs for Mar 2023 and ₹0.01 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.
Panabyte Technologs 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, Short Term Loans & Advances