TRF balance sheet is weak and might have solvency issues

The net debt of TRF is decreasing.
Latest net debt of TRF is -₹269.05 Crs as of Mar-25.
This is less than Mar-24 when it was -₹24.23 Crs.

No, profit is decreasing.
The profit of TRF is ₹25.79 Crs for Mar 2025, ₹34.6 Crs for Mar 2024 and ₹88.58 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.
TRF latest dividend payout ratio is 0% and 3yr average dividend payout ratio is 0%

Companies resources are majorly tied in miscellaneous assets