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

Yes, The debt of Auto Pins is increasing.
Latest debt of Auto Pins is ₹2.81 Crs as of Sep-24.
This is greater than Mar-24 when it was ₹2.23 Crs.

Yes, profit is increasing.
The profit of Auto Pins is ₹1.03 Crs for Mar 2024, ₹0.85 Crs for Mar 2023 and ₹0.64 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.
Auto Pins latest dividend payout ratio is 0% and 3yr average dividend payout ratio is 0%

Companies resources are allocated to majorly unproductive assets like Accounts Receivable