Purple Wave Infocom balance sheet is weak and might have solvency issues

Yes, The net debt of Purple Wave Infocom is increasing.
Latest net debt of Purple Wave Infocom is ₹11.55 Crs as of Sep-25.
This is greater than Mar-25 when it was ₹9.35 Crs.

Yes, profit is increasing.
The profit of Purple Wave Infocom is ₹11.34 Crs for TTM, ₹9.12 Crs for Mar 2025 and ₹5.44 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.
Purple Wave Infocom 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