Shlokka Dyes balance sheet is weak and might have solvency issues

The net debt of Shlokka Dyes is decreasing.
Latest net debt of Shlokka Dyes is ₹27.76 Crs as of Mar-25.
This is less than Mar-24 when it was ₹28.6 Crs.

Yes, profit is increasing.
The profit of Shlokka Dyes is ₹10.01 Crs for Mar 2025, ₹4.92 Crs for Mar 2024 and ₹0.6 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.
Shlokka Dyes 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