Valencia India balance sheet is weak and might have solvency issues

Yes, The net debt of Valencia India is increasing.
Latest net debt of Valencia India is ₹3.48 Crs as of Mar-25.
This is greater than Mar-24 when it was ₹1.06 Crs.

The profit is oscillating.
The profit of Valencia India is ₹1.85 Crs for TTM, ₹1.94 Crs for Mar 2024 and ₹0.56 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.
Valencia India 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