Balance sheet of Agarwal Tough is strong.
But short term working capital might become an issue for this company.

Yes, The debt of Agarwal Tough is increasing.
Latest debt of Agarwal Tough is ₹28.93 Crs as of Mar-24.
This is greater than Mar-23 when it was ₹25.19 Crs.

Yes, profit is increasing.
The profit of Agarwal Tough is ₹8.69 Crs for Mar 2024, ₹0.97 Crs for Mar 2023 and ₹0.5 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.
Agarwal Tough latest dividend payout ratio is 0% and 3yr average dividend payout ratio is 0%

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