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

Yes, The debt of Carraro India is increasing.
Latest debt of Carraro India is ₹11.71 Crs as of Mar-24.
This is greater than Mar-23 when it was -₹1.83 Crs.

The profit is oscillating.
The profit of Carraro India is ₹55 Crs for TTM, ₹60.58 Crs for Mar 2024 and ₹46.8 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.
Carraro India latest dividend payout ratio is 36.32% and 3yr average dividend payout ratio is 23.5%

Companies resources are majorly tied in miscellaneous assets