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

Yes, The debt of Apar Inds is increasing.
Latest debt of Apar Inds is ₹34.59 Crs as of Sep-24.
This is greater than Mar-24 when it was -₹847.68 Crs.

The profit is oscillating.
The profit of Apar Inds is ₹808 Crs for TTM, ₹825 Crs for Mar 2024 and ₹638 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.
Apar Inds latest dividend payout ratio is 24.83% and 3yr average dividend payout ratio is 23.73%

Companies resources are allocated to majorly unproductive assets like Accounts Receivable