Mahalaxmi Seamless balance sheet is weak and might have solvency issues

The net debt of Mahalaxmi Seamless is decreasing.
Latest net debt of Mahalaxmi Seamless is ₹0.88 Crs as of Sep-25.
This is less than Mar-25 when it was ₹1.37 Crs.

The profit is oscillating.
The profit of Mahalaxmi Seamless is ₹0.25 Crs for Mar 2025, -₹1.24 Crs for Mar 2024 and ₹0.39 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.
Mahalaxmi Seamless 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 Capital Work in Progress, Inventory, Accounts Receivable, Short Term Loans & Advances