Seshaasai Technologi balance sheet is weak and might have solvency issues

The net debt of Seshaasai Technologi is decreasing.
Latest net debt of Seshaasai Technologi is ₹97.58 Crs as of Mar-25.
This is less than Mar-24 when it was ₹108 Crs.

Yes, profit is increasing.
The profit of Seshaasai Technologi is ₹222 Crs for Mar 2025, ₹169 Crs for Mar 2024 and ₹108 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.
Seshaasai Technologi latest dividend payout ratio is 12.13% and 3yr average dividend payout ratio is 11.67%

Companies resources are allocated to majorly productive assets like Plant & Machinery and unproductive assets like Accounts Receivable