SK Minerals & Add balance sheet is weak and might have solvency issues

Yes, The net debt of SK Minerals & Add is increasing.
Latest net debt of SK Minerals & Add is ₹80.52 Crs as of Sep-25.
This is greater than Mar-25 when it was ₹33.7 Crs.

Yes, profit is increasing.
The profit of SK Minerals & Add is ₹11.53 Crs for TTM, ₹10.94 Crs for Mar 2025 and ₹3.1 Crs for Mar 2024.

The company seems to be paying a very low dividend.
Investors need to see where the company is allocating its profits.
SK Minerals & Add 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