Muzali Arts balance sheet is weak and might have solvency issues

Yes, The net debt of Muzali Arts is increasing.
Latest net debt of Muzali Arts is -₹0.32 Crs as of Mar-25.
This is greater than Mar-24 when it was -₹0.69 Crs.

The profit is oscillating.
The profit of Muzali Arts is -₹2.94 Crs for Mar 2025, -₹1.07 Crs for Mar 2024 and -₹3.19 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.
Muzali Arts 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 Cash & Short Term Investments, Capital Work in Progress, Inventory, Short Term Loans & Advances