Simplex Papers balance sheet is weak and might have solvency issues

The net debt of Simplex Papers is decreasing.
Latest net debt of Simplex Papers is ₹12.36 Crs as of Mar-25.
This is less than Mar-24 when it was ₹12.88 Crs.

The profit is oscillating.
The profit of Simplex Papers is ₹0.11 Crs for Mar 2024, -₹0.22 Crs for Mar 2023 and -₹0.17 Crs for Mar 2022

The company seems to be paying a very low dividend.
Investors need to see where the company is allocating its profits.
Simplex Papers latest dividend payout ratio is 0% and 3yr average dividend payout ratio is 0%

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