Simca Advertising balance sheet is weak and might have solvency issues

The net debt of Simca Advertising is decreasing.
Latest net debt of Simca Advertising is -₹10.28 Crs as of Mar-25.
This is less than Mar-24 when it was -₹4.42 Crs.

Yes, profit is increasing.
The profit of Simca Advertising is ₹9.98 Crs for Mar 2025, ₹5.78 Crs for Mar 2024 and ₹1.57 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.
Simca Advertising latest dividend payout ratio is 0% and 3yr average dividend payout ratio is 0%

Companies resources are allocated to majorly unproductive assets like Accounts Receivable, Short Term Loans & Advances