Ravelcare balance sheet is weak and might have solvency issues

The net debt of Ravelcare is decreasing.
Latest net debt of Ravelcare is -₹1.35 Crs as of Mar-25.
This is less than Mar-24 when it was -₹0.19 Crs.

Yes, profit is increasing.
The profit of Ravelcare is ₹5.25 Crs for Mar 2025, ₹5.02 Crs for Mar 2024 and ₹0.42 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.
Ravelcare latest dividend payout ratio is 0% and 3yr average dividend payout ratio is 0%

Companies resources are allocated to majorly unproductive assets like Inventory, Accounts Receivable