Balance sheet of CCL Products (India) is strong.
But short term working capital might become an issue for this company.

Yes, The debt of CCL Products (India) is increasing.
Latest debt of CCL Products (India) is ₹1,281 Crs as of Mar-24.
This is greater than Mar-23 when it was ₹749 Crs.

The profit is oscillating.
The profit of CCL Products (India) is ₹261 Crs for TTM, ₹250 Crs for Mar 2024 and ₹284 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.
CCL Products (India) latest dividend payout ratio is 23.94% and 3yr average dividend payout ratio is 27.42%

Companies resources are allocated to majorly unproductive assets like Capital Work in Progress