Siddhi Cotspin balance sheet is weak and might have solvency issues

The net debt of Siddhi Cotspin is decreasing.
Latest net debt of Siddhi Cotspin is ₹63.77 Crs as of Mar-25.
This is less than Mar-24 when it was ₹87.1 Crs.

Yes, profit is increasing.
The profit of Siddhi Cotspin is ₹13.08 Crs for Mar 2025, ₹12.18 Crs for Mar 2024 and ₹6.02 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.
Siddhi Cotspin latest dividend payout ratio is 0% and 3yr average dividend payout ratio is 0%

Companies resources are allocated to majorly unproductive assets like Inventory