Vijay Textiles balance sheet is weak and might have solvency issues

The net debt of Vijay Textiles is decreasing.
Latest net debt of Vijay Textiles is ₹201 Crs as of Mar-25.
This is less than Mar-24 when it was ₹206 Crs.

The profit is oscillating.
The profit of Vijay Textiles is -₹14.71 Crs for TTM, -₹23.52 Crs for Mar 2024 and -₹6.53 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.
Vijay Textiles latest dividend payout ratio is 0% and 3yr average dividend payout ratio is 0%

Companies resources are allocated to majorly unproductive assets like Cash & Short Term Investments, Inventory, Short Term Loans & Advances