Tipco Engineering balance sheet is weak and might have solvency issues

Yes, The net debt of Tipco Engineering is increasing.
Latest net debt of Tipco Engineering is ₹35.17 Crs as of Mar-25.
This is greater than Mar-24 when it was ₹18.26 Crs.

Yes, profit is increasing.
The profit of Tipco Engineering is ₹15.5 Crs for Mar 2025, ₹8.42 Crs for Mar 2024 and ₹2.56 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.
Tipco Engineering latest dividend payout ratio is 0% and 3yr average dividend payout ratio is 0%

Companies resources are allocated to majorly productive assets like Plant & Machinery and unproductive assets like Inventory