Bengal Steel Inds balance sheet is weak and might have solvency issues

The net debt of Bengal Steel Inds is decreasing.
Latest net debt of Bengal Steel Inds is -₹4.34 Crs as of Sep-24.
This is less than Mar-24 when it was -₹0.71 Crs.

The profit is oscillating.
The profit of Bengal Steel Inds is ₹0.07 Crs for Mar 2024, ₹0.19 Crs for Mar 2023 and ₹0.11 Crs for Mar 2022

The company seems to be paying a very low dividend.
Investors need to see where the company is allocating its profits.
Bengal Steel Inds 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