Seemax Resources balance sheet is weak and might have solvency issues

Yes, The net debt of Seemax Resources is increasing.
Latest net debt of Seemax Resources is ₹8.12 Crs as of Mar-25.
This is greater than Mar-24 when it was ₹5.7 Crs.

Yes, profit is increasing.
The profit of Seemax Resources is ₹2.24 Crs for Mar 2025, ₹1.43 Crs for Mar 2024 and ₹0.79 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.
Seemax Resources 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 Accounts Receivable, Short Term Loans & Advances