Zodiac Clothing Co balance sheet is weak and might have solvency issues

Yes, The net debt of Zodiac Clothing Co is increasing.
Latest net debt of Zodiac Clothing Co is ₹32.13 Crs as of Mar-25.
This is greater than Mar-24 when it was ₹25.48 Crs.

The profit is oscillating.
The profit of Zodiac Clothing Co is -₹36.75 Crs for TTM, -₹37.2 Crs for Mar 2025 and -₹36.37 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.
Zodiac Clothing Co 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