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

Yes, The debt of Gulshan Polyols is increasing.
Latest debt of Gulshan Polyols is ₹418 Crs as of Sep-24.
This is greater than Mar-24 when it was ₹330 Crs.

The profit is oscillating.
The profit of Gulshan Polyols is ₹24.23 Crs for TTM, ₹17.76 Crs for Mar 2024 and ₹45.18 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.
Gulshan Polyols latest dividend payout ratio is 10.54% and 3yr average dividend payout ratio is 9.49%

Companies resources are allocated to majorly productive assets like Plant & Machinery