Sibar Auto parts balance sheet is weak and might have solvency issues

The debt of Sibar Auto parts is decreasing.
Latest debt of Sibar Auto parts is ₹1.06 Crs as of Sep-24.
This is less than Mar-24 when it was ₹3.02 Crs.

The profit is oscillating.
The profit of Sibar Auto parts is -₹0.81 Crs for TTM, -₹1.39 Crs for Mar 2024 and ₹0.06 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.
Sibar Auto parts latest dividend payout ratio is 0% and 3yr average dividend payout ratio is 0%

Companies resources are allocated to majorly unproductive assets like Capital Work in Progress, Inventory, Accounts Receivable, Short Term Loans & Advances