Lucent Industries balance sheet is weak and might have solvency issues

The net debt of Lucent Industries is decreasing.
Latest net debt of Lucent Industries is -₹7.68 Crs as of Mar-25.
This is less than Mar-24 when it was ₹4.99 Crs.

Yes, profit is increasing.
The profit of Lucent Industries is ₹2.33 Crs for TTM, ₹0.77 Crs for Mar 2025 and -₹0.12 Crs for Mar 2024.

The company seems to be paying a very low dividend.
Investors need to see where the company is allocating its profits.
Lucent Industries 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, Accounts Receivable, Short Term Loans & Advances