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

Yes, The debt of Greenlam Industries is increasing.
Latest debt of Greenlam Industries is ₹1,085 Crs as of Sep-24.
This is greater than Mar-24 when it was ₹939 Crs.

The profit is oscillating.
The profit of Greenlam Industries is ₹120 Crs for TTM, ₹138 Crs for Mar 2024 and ₹129 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.
Greenlam Industries latest dividend payout ratio is 15.21% and 3yr average dividend payout ratio is 15.32%

Companies resources are allocated to majorly productive assets like Plant & Machinery and unproductive assets like Capital Work in Progress