Vaishno Cement balance sheet is weak and might have solvency issues

Yes, The net debt of Vaishno Cement is increasing.
Latest net debt of Vaishno Cement is ₹1.88 Crs as of Sep-25.
This is greater than Mar-25 when it was ₹1.81 Crs.

The profit is oscillating.
The profit of Vaishno Cement is ₹0.05 Crs for Mar 2025, -₹0.07 Crs for Mar 2024 and -₹0.05 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.
Vaishno Cement 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